Family Dollar Authorizes $400 Million Buyback

November 19, 2009 (FinancialWire) — Family Dollar Stores, Inc.’s (NYSE: FDO) board has authorized it to purchase $400 million of the company’s common stock. The share repurchase program does not have an expiration date. The company said it expects to fund the stock repurchase program with cash from operations.

At the end of fiscal 2009, Family Dollar had authorization to purchase up to an additional $62 million of its common stock. This new authorization is in addition to the company’s current share repurchase authorization.

North Carolina-based Family Dollar currently operates more than 6,600 stores in 44 states.

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