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Stock Market & Financial Investment News

News Breaks
November 9, 2012
06:58 EDTFL, FINLCiti recommends buying Foot Locker, Finish Line on recent pullbacks
Citigroup recommends using the recent pullbacks in shares of Foot Locker (FL) and Finish Line (FL) as buying opportunities. The firm believes Nike's (NKE) market share gains should benefit both companies and said its channel checks indicated a modest pick-up in October traffic.
News For FL;FINL From The Last 14 Days
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March 2, 2015
08:39 EDTFLFoot Locker fundamentals solid but negative sentiment weighs, says UBS
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February 18, 2015
16:41 EDTFLFoot Locker approves $220M capital expenditure program for 2015
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16:39 EDTFLFoot Locker raises dividend 14% to 25c, approves $1B share buyback
Foot Locker announced that its board authorized capital allocation initiatives that "simultaneously provide meaningful returns to shareholders and maintain a significant investment in its business operations." The board declared a quarterly cash dividend on the company's common stock of 25c per share, which will be payable on May 1 to shareholders of record on April 17. This dividend declaration represents a 14% increase over the company's previous quarterly per-share amount. The board also approved a new 3-year, $1B common share repurchase program extending through January 2018, replacing the company's previous $600M program. The company spent $305M under the previous program in 2014, and as of yesterday had substantially completed the full program amount, Foot Locker said.

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