NEW YORK (dpa-AFX) – The credit card company American Express is launching a new share buyback program. Up to 120 million share certificates are to be acquired, as the company announced late Wednesday evening (CET) in New York. The program replaces an old one that still has 36 million outstanding papers to buy back. In addition, the quarterly dividend will be increased by 15 percent.
Investors were pleased. American Express’s share price rose almost one and a half percent in after-hours trading
The American Express share is currently trading at a minus of -0.28 % and a rate of 174.8USD
traded.
