Dollar General Corporation Announces Share Repurchases of $200 Million
Tue, 18 Jun 2013
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
Dollar General Corporation (NYSE:DG) today announced the completion of
$200 million in share repurchases of its common stock in the open market.
"The strength of our balance sheet coupled with our strong cash flow
generation makes this an opportune time to return cash to our
shareholders. We are committed to optimizing our capital structure,
while increasing shareholder value," said Rick Dreiling, Dollar
General's chairman and CEO.
These repurchases are part of the existing Board authorized share
repurchase program. Year-to-date, Dollar General has repurchased
approximately $220 million of its common stock and has approximately
$424 million remaining in the existing authorization. Dollar General has
repurchased approximately $1.1 billion, or 23.6 million shares, of its
common stock since the inception of its current share repurchase program
in December 2011.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for
more than 70 years. Dollar General helps shoppers Save time. Save money.
Every day!(R) by offering products that are frequently used and
replenished, such as food, snacks, health and beauty aids, cleaning
supplies, basic apparel, house wares and seasonal items at low everyday
prices in convenient neighborhood locations. With over 10,700 stores in
40 states, Dollar General has more retail locations in the U.S. than any
other retailer. In addition to high quality private brands, Dollar
General sells products from America's most-trusted manufacturers such as
Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills,
Nabisco, Hanes, PepsiCo and Coca-Cola.
Dollar General Corporation Mary Winn Gordon, 615-855-5536 or Emma
Jo Kauffman, 615-855-5525