Filed under Retail, Stock activity

Walgreens board approves $1 billion share buyback

By Reuters
Posted Oct. 13, 2010 at 11:43 a.m.

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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