- Ameriprise Financial (AMP, Financial) announces a $4.5 billion share repurchase authorization.
- The company increases its regular quarterly dividend by 8% to $1.60 per share.
- Share repurchase funding will come from excess capital and cash flow.
Ameriprise Financial, Inc. (AMP) has announced a significant financial maneuver with the authorization of an additional $4.5 billion for the repurchase of its common stock. This program is set to operate from April 24, 2025, and will continue through June 30, 2027. Share repurchases will be funded through existing excess capital, future free cash flows, and other customary financing methods. The plan does not obligate the purchase of a minimum number of shares, and acquisitions can occur in various forms such as open market transactions and privately negotiated deals.
Furthermore, Ameriprise Financial has raised its regular quarterly cash dividend by 8%, now amounting to $1.60 per share. This increased dividend will be payable on May 19, 2025, to shareholders recorded as of the closing business hours on May 5, 2025.
The company's strategic financial activities continue to enhance shareholder value while maintaining flexibility in execution, reflecting its robust capital position and confidence in its future growth prospects. With a legacy of over 130 years, Ameriprise Financial leverages its strength in investment advice, global asset management, and a well-established network of financial advisors to meet a broad spectrum of investor needs.
Also check out: (Free Trial)
