Dollar General Corporation Announces Share Repurchases of $200 Million
GOODLETTSVILLE, Tenn. -- June 18, 2013
Dollar General Corporation (NYSE:DG) today announced the completion of $200
million in share repurchases of its common stock in the open market.
"The strength of our balance sheet coupled with our strong cash flow
generation makes this an opportune time to return cash to our shareholders. We
are committed to optimizing our capital structure, while increasing
shareholder value," said Rick Dreiling, Dollar General's chairman and CEO.
These repurchases are part of the existing Board authorized share repurchase
program. Year-to-date, Dollar General has repurchased approximately $220
million of its common stock and has approximately $424 million remaining in
the existing authorization. Dollar General has repurchased approximately $1.1
billion, or 23.6 million shares, of its common stock since the inception of
its current share repurchase program in December 2011.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for more than
70 years. Dollar General helps shoppers Save time. Save money. Every day!(R)
by offering products that are frequently used and replenished, such as food,
snacks, health and beauty aids, cleaning supplies, basic apparel, house wares
and seasonal items at low everyday prices in convenient neighborhood
locations. With over 10,700 stores in 40 states, Dollar General has more
retail locations in the U.S. than any other retailer. In addition to high
quality private brands, Dollar General sells products from America's
most-trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever,
Kellogg's, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.
Dollar General Corporation
Mary Winn Gordon, 615-855-5536
Emma Jo Kauffman, 615-855-5525
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