Lowe's (LOW) announces new $5 bln share repurchase program; declares regular quarterly dividend

Co's Board has authorized a new repurchase program of $5 billion of the company's common stock. This new repurchase program has no expiration date and adds to the previous program's balance, which was $2.4 billion as of January 30, 2015. In addition, the Board of Directors has declared a quarterly cash dividend of twenty three cents ($0.23) per share, payable May 6, 2015, to shareholders of record as of April 22, 2015.

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