Home improvement retailer Lowe’s will resume its previously authorized stock buyback program, which it had temporarily suspended during the COVID-19 pandemic, according to an 8-K filing.

The company suspended its share repurchases in the first quarter “in response to uncertainties surrounding the COVID-19-pandemic,” the filing noted.

The company said it currently has $8.7 billion remaining under its share repurchase authorization.

For the second quarter, Lowe’s reported stronger-than-expected earnings, driven by a surge in online sales. The company also recently raised its quarterly cash dividend by 9 percent to 60 cents per share, citing strong consumer confidence and robust cash flow.

The company is set to report third quarter earnings on Nov. 18.

Shares of Lowe’s (LOW) rose 79 cents in the after-hours session on Tuesday to last trade near $163.05.