Academy Sports and Outdoors (ASO) said late Wednesday its board approved a new $700 million share repurchase program, effective for a three-year period.
The company said its previous buyback program, which had $423 million remaining, was replaced.
Academy Sports' board kept its quarterly cash dividend at $0.11 per share, payable Jan. 15 to stockholders of record as of the close of business Dec. 18.
The company's shares were up 3.5% in after-hours activity.
Price: 51.20, Change: +1.75, Percent Change: +3.54
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