Kroger Co. shares rose in the extended session Thursday after the supermarket operator said it will buy back up to $1 billion in shares and hopes to raise its dividend in the future. Kroger shares advanced 1.3% after hours, following a 0.8% rise to close the regular session at $23.63. The company said the $1 billion authorization supplements the $76 million remaining on its previous authorization. Kroger also declared its usual a 12.5-cents-a-share dividend, and said it expects “to have an increasing dividend over time” subject to board approval.
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