Tractor Supply Authorizes Additional $1 Bln To Existing Share Repurchase Program

(RTTNews) - Tractor Supply Company (TSCO) announced that its Board of Directors authorized a $1 billion increase to its existing share repurchase program, bringing the total amount authorized to date under the program to $2 billion.

The program, established in February 2007, also has been extended through December 31, 2017.

The company noted that as of December 28, 2013, it had purchased 37.7 million shares for approximately $838.6 million. The remaining $1.2 billion available under the expanded share repurchase program represents approximately 12% of the Company's outstanding shares at current prices.