MINNEAPOLIS--(BUSINESS WIRE)--
The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has
authorized an additional $2.5 billion for the repurchase of shares of
its common stock through April 28, 2016.
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 company has increased its regular quarterly dividend by
12 percent, or $0.06 per share, to $0.58. The quarterly dividend is
payable on May 23, 2014 to shareholders of record as of May 9, 2014.
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 120 years. With a nationwide network of
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.
© 2014 Ameriprise Financial, Inc. All rights reserved.
Ameriprise Financial
Paul Johnson, 612-671-0625
paul.w.johnson@ampf.com
Source: Ameriprise Financial