U.S. drugstore chain Walgreen Co said its board has approved a buyback of $1 billion shares and set a regular quarterly dividend.
The retailer said the buyback program will expire at the end of 2012.
The company said the latest dividend of 17.5 cents a share will be paid on Dec. 11 to shareholders of record Nov. 15.
Walgreen shares were up 2.3 percent at $34.83 in midday trading on the New York Stock Exchange.
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