Dycom Board Approves a New $100 Million Share Buyback Program

Dycom Industries Inc. said Tuesday its board has approved a new $100 million share buyback program. The provider of specialty contracting services to telecoms, utilities and other industries, said it has completed its current $100 million buyback program, after repurchasing 1.6 million shares during the third quarter at an average price of $64.21 a share. Shares were slightly higher in after-hours trade, but are down 2% in the year so far, while the S&P 500 has gained about 2%.