The board of directors of Ameriprise (AMP) has announced the following: The company authorized an additional $4.5B for the repurchase of shares of its common stock during the period of April 24 through the close of business on June 30, 2027. As of April 23, the company had approximately $138M available from its July 2023 authorization, which is available through September 30. In addition, the company increased its regular quarterly cash dividend by 8% to $1.60 per share payable on May 19 to shareholders of record at the close of business on May 5.
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Read More on AMP:
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- Ameriprise upgraded to Strong Buy from Market Perform at Raymond James
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