Little Rock-based Dillard's Inc. said Friday that its board of directors has approved a new $250 million share-repurchase program.
Dillard's completed its previous $250 million program Feb. 2 with the purchase of $92 million in outstanding shares.
The new authorization allows the company to repurchase its Class A common stock in the open market or through privately negotiated transactions, Dillard's said in a statement.