American Express: announces buybacks, raises dividend
(CercleFinance.com) - American Express said on Monday that it will increase its quarterly dividend by 10% to 43 cents per share, beginning in the fourth quarter.
The credit card company also plans to repurchase up to 120 million shares, a buyback program that replaces the 41 million shares of common stock remaining from the previous board authorization in 2016.
This announcement came as the credit card issuer's capital plans were reviewed and not objected to by the Federal Reserve.
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