By Denny Jacob
American Express Co. on Wednesday said its board authorized a share repurchase plan and raised its quarterly dividend.
The New York City-based credit-card company said the board approved the repurchase of up to 120 million common shares, replacing the roughly 36 million shares remaining from a previous authorization the board approved in 2019.
Additionally, the board increased the quarterly dividend to 60 cents a share from 52 cents, a 15% increase. The dividend is payable on May 10 to shareholders of record on April 7.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
03-08-23 1652ET