Enter multiple symbols separated by commas

Ameriprise To Buy Back Up To $1 Billion of Stock

Ameriprise Financial said on Thursday it plans to buy back as much as $1 billion in stock and increased its quarterly dividend to 15 cents from 11 cents per share.

The repurchase program, which runs through March 15, 2009, is in addition to a January 2006 authorization to buy back 2 million shares and a March 2006 authorization for as much as $750 million in stock, Ameriprise said.

The dividend of 15 cents per share is payable on May 18 to shareholders of record on May 4.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Cramer: Here's a sign the market could rally

    Wall Street's been soaking in red, but "Mad Money" host Jim Cramer has one signal to watch for that could point to another run.

  • Burger war maneuvers

    Cramer looks at the number of company's selling burgers and tries to determine the quality names, as well as those to avoid.

  • Cramer: What's driving defense?

    Cramer says that even though President Obama has made it clear the US can no longer be the world's policeman, the country can become the world's arms dealer. Profiting from defense spending.