Home Depot is announcing an $18 billion share repurchase program and boosting its quarterly dividend by 26 percent.
The Atlanta home improvement store said Tuesday that its buyback replaces a prior authorization.
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Its dividend will now be 59 cents per share. The dividend will be paid on March 26 to shareholders of record on March 12.
The Home Depot Inc. also reported a fiscal fourth-quarter profit of $1.38 billion, or $1.05 per share, for the period ended Feb. 1.
Revenue was $19.16 billion.