American Express (AXP) Announces 150M Common Stock Buyback; Quarterly Dividend Increased 10.3%

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Go back to American Express (AXP) Announces 150M Common Stock Buyback; Quarterly Dividend Increased 10.3%

American Express Board Authorizes Repurchase of up to 150 Million Shares, Announces 10 Percent Dividend Increase

September 27, 2016 9:16 AM EDT

NEW YORK--(BUSINESS WIRE)-- The board of directors of American Express Company (NYSE: AXP) today approved the repurchase of up to 150 million common shares, from time to time, subject to market conditions and the Federal Reserves non-objection of the companys capital plans. This authorization replaces the prior 150 million share repurchase program that had approximately 50 million shares of common stock remaining under board authorization.

Separately, the board of directors approved a... More