Walgreens announces repurchase program, declares quarterly dividend
DEERFIELD, Ill. Walgreens’ board of directors on Wednesday announced the authorization of a new $1 billion share repurchase program, which will expire at the end of 2012.
The board also declared a regular quarterly dividend of 17.5 cents per share, a 27.3% increase over the year-ago dividend. The dividend is payable Dec. 11, to shareholders of record Nov. 15, Walgreens said. Walgreens has paid a dividend in 312 straight quarters (78 years) and has raised its dividend for 35 consecutive years.
“We are proud of our track record of delivering on our commitment to return cash to our shareholders, and today’s announcement of our new share repurchase program continues that commitment,” said Walgreens president and CEO Greg Wasson. “In our last fiscal year, we returned a record $2.2 billion to shareholders in the form of dividends and share repurchases. And last month, we completed our previous $2 billion share repurchase program that was announced in October 2009.”
Weis Markets to host lifestyle expos for seniors
SUNBURY, Pa. Weis Markets on Tuesday announced it will host two senior health and lifestyle expos — the first in Williamsport, Pa., on Oct. 19, and the second in Bloomsburg, Pa., on April 19, 2011. The expos will feature exhibits from dozens of local and regional companies that provide products and services for adults ages 50 years and older.
“The information offered at the expo will be of special interest to folks 50-plus that have different needs as they age,” stated Deborah Verderame, show coordinator. “The exhibitor mix is excellent,” she said. The mix will include representatives from healthcare organizations, hospitals, insurance companies, home care suppliers and mobility product companies, among others.
Aspecial feature of the expos will be a free “Early Bird Breakfast” prepared by Weis Markets and served 8 a.m. to 10 a.m.
Courtney Thomas, Miss Pennsylvania 2010, will serve as the official expo hostess. Thomas will visit the booths of the expo sponsors for photo opportunites with guests and exhibit staff. Exhibitors also will provide door prizes and have prize drawings that visitors may enter at each booth.
Luvs gets a new look
CINCINNATI Baby diapers brand Luvs unveiled its new look, which is slated to make its retail debut this fall.
Luvs diapers now will tote new packaging and a Heavy Dooty Protection diaper design.
"Here at Luvs, we understand that even when using a great, reliable product, diaper duty isn’t always the most pleasant task to undertake. So we’re always searching for ways to make the diaper-changing experience more enjoyable for parents and their kids," said Dominic Iacono, brand manager for Luvs baby diapers. "We’ve listened closely to consumer insights and we’re thrilled to offer parents a new look with Ultra Leakguards and the Heavy Dooty Protection design — all the while knowing that these new changes will not compromise the great quality synonymous with the Luvs brand and the trust that parents have placed in our products."
Luvs Ultra Leakguards baby diapers deliver premium leakage protection that locks away wetness from baby’s skin, as well as a money-back guarantee. Luvs baby diapers are available in sizes newborn to 6 at mass, discount and grocery stores where baby care products are sold.