Online furniture and home furnishings retailer Overstock.com (OSTK) announced that its board of directors have approved a common stock repurchase program of up to $100 million. Notably, the company currently does not pay any dividend on its common shares, as it intends to retain earnings to invest in future growth opportunities. The buyback plan comes with an expiration date of December 31, 2023. According to the company, the repurchase program is "designed to return value to Overstock stockholders and help offset the dilutive impact of recent stock issuances and future employee restricted stock vesting.
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Overstock com (NASDAQ:OSTK)
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