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.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.