05:13 PM EST, 12/04/2024 (MT Newswires) -- Academy Sports and Outdoors ( ASO ) said late Wednesday its board approved a new $700 million share repurchase program, effective for a three-year period.

The company said its previous buyback program, which had $423 million remaining, was replaced.

Academy Sports' board kept its quarterly cash dividend at $0.11 per share, payable Jan. 15 to stockholders of record as of the close of business Dec. 18.

The company's shares were up 3.5% in after-hours activity.

Price: 51.20, Change: +1.75, Percent Change: +3.54