Why Dollar Tree Shares Are Trading Higher Today

Dollar Tree, Inc. DLTR shares are trading higher after the company increased its buyback program by $1.05 billion, to a total of $2.5 billion.

"Delivering value to our customers and shareholders is our top priority. We are committed to a disciplined capital allocation strategy that balances returning capital to our shareholders and investing in our business for growth," stated Michael Witynski, President and Chief Executive Officer.

Dollar Tree operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar.

Dollar Tree's stock was trading 8.8% higher at $93.88 per share on Wednesday at the time of publication. The stock has a 52-week high of $120.37 and a 52-week low of $84.26.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybackswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!