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American Express +1.3% after boosting dividend, announcing buyback

Sep. 23, 2019 3:23 PM ETAmerican Express Company (AXP) StockBy: Liz Kiesche, SA News Editor1 Comment
  • 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.

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