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BRIEF-Nordstrom board authorizes $500 mln share repurchase program
2017年2月17日 / 下午2点30分 / 9 个月前

BRIEF-Nordstrom board authorizes $500 mln share repurchase program

Feb 17 (Reuters) - Nordstrom Inc

* Nordstrom board of directors authorizes $500 million share repurchase program and approves quarterly dividend

* Nordstrom Inc - company intends to fund repurchase program from existing cash on hand

* Nordstrom Inc- authorized a repurchase program of up to $500 million of company’s outstanding common stock, through August 31, 2018

* Nordstrom Inc - existing repurchase program has $529 million outstanding as of January 28, 2017, and will expire on March 1, 2017

* Sets quarterly dividend of $0.37 per share

* Nordstrom - repurchase program is in addition to company’s existing repurchase program that was approved by board in October 2015 Source text for Eikon: Further company coverage:

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