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USANA Health Sciences Raises Authorized Share Repurchase Program By $40 Mln - Quick Facts
(RTTNews) - Tuesday, USANA Health Sciences, Inc. (USNA) announced that its board of directors has authorized an additional $40 million for share repurchases of its outstanding common stock.
Since 2000, when the share repurchase program was instituted, the company has repurchased approximately 10.3 million shares for $270.2 million.
The company added that it has largely used its cash flow from operations to fund its share buyback program. Today's $40 million authorization will be in addition to the approximately $3.9 million currently available in its share repurchase plan. USANA has 15,773,894 common shares outstanding as of August 31.
USNA closed Tuesday's last trade at $42.50, down $0.05 or 0.12%, on a volume of 44 thousand shares on the Nasdaq.
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