Kroger's (KR +2.9%) Board of Directors approve a $1B share repurchasement program, replacing an...

|About: Kroger Co. (KR)|By:, SA News Editor

Kroger's (KR +2.9%) Board of Directors approve a $1B share repurchasement program, replacing an existing plan that had $213M in shares remaining to be bought. In addition, the company says it will reward investors with a 9.5% boost in its quarterly dividend - up to $0.115 per share.