UPDATE 1-Walgreen board approves $1 billion share buyback

* Buyback expires at the end of 2012

* Sets quarterly dividend at 17.5 cents a share

* Shares up 2.3 percent

NEW YORK, Oct 13 (BestGrowthStock) – U.S. drugstore chain Walgreen
Co (WAG.N: ) said its board has approved a buyback of $1 billion
shares and set a regular quarterly dividend .

The retailer said the buyback program will expire at the
end of 2012.

The company said the latest dividend of 17.5 cents a share
will be paid on Dec. 11 to shareholders of record Nov. 15.

Walgreen shares were up 2.3 percent at $34.83 in midday
trading on the New York Stock Exchange.
(Reporting by Dhanya Skariachan. Editing by Robert MacMillan)

UPDATE 1-Walgreen board approves $1 billion share buyback