American Express Board Authorizes Share Repurchase Plan, Announces 15 Percent Dividend Increase
08 März 2023 - 10:15PM
Business Wire
The Board of Directors of American Express Company (NYSE: AXP)
approved the repurchase of up to 120 million common shares, in
accordance with the company’s capital plans that are, from time to
time, reviewed and not objected to by the Federal Reserve. This
authorization replaces the approximately 36 million common shares
of common stock remaining from the previous Board authorization in
2019.
The timing and amount of common shares purchased under the
company’s authorized capital plans will depend on various factors,
including the company’s business plans, financial performance and
market conditions.
Separately, the Board of Directors approved a $0.08 – or 15
percent – increase in the quarterly dividend on the company’s
common stock, consistent with the planned increase discussed in the
company’s fourth-quarter 2022 earnings release. The dividend was
raised to $0.60 per common share, from $0.52, payable on May 10,
2023, to shareholders of record on April 7, 2023.
ABOUT AMERICAN EXPRESS
American Express is a globally integrated payments company,
providing customers with access to products, insights and
experiences that enrich lives and build business success. Learn
more at americanexpress.com and connect with us on
facebook.com/americanexpress, instagram.com/americanexpress,
linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate sustainability
information: personal cards, business cards and services, travel
services, gift cards, prepaid cards, merchant services, Accertify,
Kabbage, Resy, corporate card, business travel, diversity and
inclusion, corporate sustainability and Environmental, Social, and
Governance reports.
Source: American Express Company
Location: Global
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230308005766/en/
Media: Andrew R. Johnson, Andrew.R.Johnson@aexp.com,
+1.212.640.8610
Investors/Analysts: Kerri S. Bernstein,
Kerri.S.Bernstein@aexp.com, +1.212.640.5574 Michelle A. Scianni,
Michelle.A.Scianni@aexp.com, +1.212.640.5574
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