By Colin Kellaher

 

Home Depot's board has authorized a new $15 billion share repurchase program.

The Atlanta home-improvement giant, which sports a market capitalization topping $330 billion, on Tuesday said the new buyback replaces a $15 billion program approved last August that had $9.5 billion remaining as of April 30.

Home Depot, which had more than one billion shares outstanding as of May 16, spent nearly $5 billion on shares repurchases during the six months ended July 30.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

August 15, 2023 06:37 ET (10:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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