Lowe’s starts share repurchase program
January 31, 2005,
MOORESVILLE , N.C. — The board of directors of Lowe's Companies, Inc. has approved a share repurchase program of up to $1 billion.
"Following our $1 billion share repurchase in 2004, this additional authorization from the board is an indication of the financial strength of Lowe's and, with ongoing dividend payments, allows us to enhance the overall return to shareholders," commented Robert Niblock, Lowe's chairman, president and CEO.
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