Dillard's Launches New $250M Share Buy-Back Program

Dillard's Inc. of Little Rock said Friday that its board of directors has approved a new $250 million share repurchase program.

The department store chain (NYSE: DDS) said the program will authorize it to buy back up to $250 million in Class A Common Stock. As of Feb. 2, retailer had already purchased $92 million in stock under its previous $250 million repurchase program.

Dillard's said the new open-ended authorization permits the company to repurchase its stock in the open market or through privately negotiated transactions.