Meanwhile, solid cash flow has allowed the company to increase its dividend, as well as to accelerate a share repurchase plan.

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Even so, Home Depot recently said that it can no longer afford to continue with its share-repurchase plan.

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Ms. Mayer's "review process may lead to a reevaluation of, or changes to, our current plans, including our restructuring plan, our share repurchase program, and our previously announced plans for returning to shareholders substantially all of the after tax cash proceeds" from the sale of Yahoo's stake in Alibaba.

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