- American Express (NYSE:AXP) advances 1.3% after boosting its quarterly dividend and approving a 120M-share buyback program.
- AXP's board approved a 4-cent per share increase, or 10%, to 43 cents per share from its prior dividend.
- Announces a program to buy up to 120M of common shares, replacing the prior repurchase authorization for up to 150M shares that was adopted in 2016.
- At its recent price of $118.24 per share, the repurchase authorization represents ~$14.2B if it were exercised in full.
American Express +1.3% after boosting dividend, announcing buyback
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Symbol | Last Price | % Chg |
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AXP | - | - |
American Express Company |