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Target to buy back $5 billion shares

Target Corp on Wednesday announced a new $5 billion share buyback plan.

By: | Published: September 21, 2016 6:50 PM
The retailer said it would begin repurchasing shares under the new plan upon completion of its current billion program, which is expected before the end of fiscal 2016 in January. (Source: Reuters)

Target Corp on Wednesday announced a new $5 billion share buyback plan.

The retailer said it would begin repurchasing shares under the new plan upon completion of its current $10 billion program, which is expected before the end of fiscal 2016 in January.

Target also declared a dividend of 60 cents per common share for the fourth quarter, unchanged from the third quarter.

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