CINCINNATI — The board of directors of Kroger Co. here on Thursday approved a $1 billion share repurchase program, replacing the existing authorization that has approximately $213 million remaining. Kroger said the timing of the repurchases will vary according to market conditions, but is expected to be used over the next 12 months. The board on Thursday also raised Kroger's quarterly dividend by 9.5% to 11.5 cents per share. "Kroger remains committed to using our substantial free cash ...

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