Dollar Tree, Inc. (NASDAQ: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.
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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.