Ameriprise Financial Announces Additional $3 Billion Share Repurchase Authorization; Declares Regular Quarterly Dividend
26 Januar 2022 - 10:06PM
Business Wire
The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP)
has authorized an additional $3 billion for the repurchase of
shares of its common stock through March 31, 2024. As of January
25, 2022, the company had approximately $352 million available from
its August 2020 authorization, which is available through September
30, 2022.
The company intends to fund share repurchases through existing
working capital, future earnings and other customary financing
methods. The share repurchase program does not require the purchase
of any minimum number of shares, and depending on market conditions
and other factors, these purchases may be commenced or suspended at
any time without prior notice. Acquisitions under the share
repurchase program may be made in the open market, through
privately negotiated transactions or block trades or other
means.
In addition, the Board of Directors declared a quarterly cash
dividend of $1.13 per common share payable on February 28, 2022 to
shareholders of record at the close of business on February 11,
2022.
This news release contains certain forward-looking statements
regarding the timing and manner of, and the sources of funding for,
the company’s purchase of shares pursuant to the share repurchase
program. Such statements reflect management’s plans, estimates and
beliefs, and are subject to risks and uncertainties, which could
cause actual results to differ materially from such statements.
Readers are cautioned not to place undue reliance on the
forward-looking statements contained in this release, which speak
only as of the date hereof. We undertake no obligation to update
publicly or revise such forward-looking statements.
At Ameriprise Financial, we have been helping people feel
confident about their financial future for more than 125 years.
With a nationwide network of more than 10,000 financial advisors
and extensive asset management, advisory and insurance
capabilities, we have the strength and expertise to serve the full
range of individual and institutional investors’ financial needs.
For more information, visit ameriprise.com.
© 2022 Ameriprise Financial, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20220126005602/en/
Paul Johnson Ameriprise Financial 612.671.0625
paul.w.johnson@ampf.com
Ameriprise Financial (NYSE:AMP)
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