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American Express Co Plans to Increase Quarterly Dividend by 15%; Buy Back up to $4.0 Billion of Common Shares in 2013

Thursday, 14 Mar 2013 04:35pm EDT 

American Express Co announced that the Board of Governors of the Federal Reserve System did not object to its 2013 capital plan to increase the Company`s quarterly dividend to 23 cents per share, to repurchase up to $3.2 billion of common shares during the last three quarters of 2013 and to repurchase up to an additional $1.0 billion in the first quarter of 2014. The Company also said that it expects to repurchase approximately $800 million of common shares during the first quarter of 2013 under the Company`s 2012 capital plan. The dividend increase would amount to 3 cents per share, or 15%. The share repurchases in 2013 would be in line with the amounts that were actually repurchased last year under the 2012 capital plan. 

Company Quote

1.43 +1.73%
20 Oct 2014