Tags: Walgreen | Board | Approves | Buyback

Walgreen's Board Approves $1 Billion Share Buyback

Wednesday, 13 Oct 2010 02:28 PM

U.S. drugstore chain Walgreen Co said its board has approved a buyback of $1 billion shares and set a regular quarterly dividend.

The retailer said the buyback program will expire at the end of 2012.

The company said the latest dividend of 17.5 cents a share will be paid on Dec. 11 to shareholders of record Nov. 15.

Walgreen shares were up 2.3 percent at $34.83 in midday trading on the New York Stock Exchange.

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