June 5, 2009 (FinancialWire) — Wal-Mart Stores, Inc.’s (NYSE: WMT) board has authorized the retailer to repurchase $15 billion of its common shares. This program replaces a previous $15 billion program, which was reported on June 1, 2007, which had around $3.4 billion of remaining authorization.

Under the program, repurchased shares are constructively retired and returned to unissued status.

In addition to share repurchases made in fiscal year 2010, Wal-Mart plans to pay more than $4.2 billion to shareholders in the form of dividends during fiscal year 2010.

Bentonville, Arkansas-based Wal-Mart Stores operates more than 7,900 retail units under 55 different banners in 15 countries.

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