By Colin Kellaher
Ameriprise Financial's board has boosted the financial-services company's quarterly dividend by 8%, to $1.60 from $1.48, and added $4.5 billion to its share-repurchase authorization.
The new quarterly payout, equal to $6.40 a year, represents an annual yield of 1.36% based on Wednesday's closing price of $471.85, up from 1.25%.
The Minneapolis company on Thursday said the increased dividend is payable May 19 to shareholders of record May 5.
Ameriprise, which had about 96.1 million shares outstanding as of Feb. 7 and sports a market capitalization topping $45 billion, said the new buyback adds to prior authorization that had about $138 million remaining.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 24, 2025 07:29 ET (11:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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