Cash Returns to Shareholders - Share Repurchase ProgramIn August 2013, the Board authorized a $700 million expansion of Altria’s April 2013 share repurchase program from $300 million to $1 billion. During the third quarter of 2013, Altria repurchased approximately 4.5 million shares of its common stock at an average price of $34.75 for a total cost of approximately $156 million. As of the end of the third quarter of 2013, Altria had approximately $709 million remaining in the expanded program, which it expects to complete by the end of the third quarter of 2014. The timing of share repurchases depends upon marketplace conditions and other factors. The program remains subject to the discretion of the Board.
Altria Reports 2013 Third-Quarter And Nine-Month Results; Reaffirms 2013 Full-Year EPS Guidance
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