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The Home Depot increases share repurchase program

The Home Depot, the world's largest home improvement retailer, announced that its board of directors authorized an additional $3.5 billion to repurchase outstanding shares, bringing the total authorized share repurchase program to $17.5 billion.

As of the end of the second quarter of fiscal 2006, the company had repurchased $12.5 billion under this authorization. The board also approved a second quarter dividend of 15 cents.



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