American Express: dividend raised and shares repurchased
(CercleFinance.com) - On Thursday night American Express announced its intention to increase its dividend and conduct a share buyback program, after approval from the Federal Reserve's board of governors.
The payment solutions group will increase its quarterly dividend by 11% to 39 cents per share, starting with an interim dividend that will be declared in the third quarter, subject to approval by the Board of Directors.
American Express also wishes to purchase up to 3.4 billion dollars' worth of shares from 1 July 2018 to 30 June 2019, including 1.6 billion dollars by 31 December 2018.
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The payment solutions group will increase its quarterly dividend by 11% to 39 cents per share, starting with an interim dividend that will be declared in the third quarter, subject to approval by the Board of Directors.
American Express also wishes to purchase up to 3.4 billion dollars' worth of shares from 1 July 2018 to 30 June 2019, including 1.6 billion dollars by 31 December 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.