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Foot Locker OKs $150 Million Buyback

It covers three years.

Foot Locker

(FL) - Get Free Report

, a retailer of athletic footwear and apparel, said that its board approved a new $150 million, three-year stock buyback program.

Foot Locker, under a previous repurchase program made in 2005, repurchased 1.6 million shares for $35 million.

The company also declared a quarterly dividend of 9 cents, payable on April 28 to shareholders of record on April 14.

This story was created through a joint venture between and IRIS.