Kroger Adds Another $1B to Stock Buyback

Kroger said Friday that its board of directors has authorized the retailer to repurchase up to $1 billion in company stock.

CINCINNATI — Kroger here said Friday that its board of directors has authorized the retailer to repurchase up to $1 billion in company stock. The share buyback program replaces a similar $1 billion buyback authorization begun last June that had around $6 million remaining, Kroger said. Kroger has repurchased $4.8 billion of its shares on the open market since January 2000. Also Friday, Kroger said its board declared a quarterly dividend of 7.5 cents per share.

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