CNBC Bonus Bucks News Trivia: Up to how much in stock Does Ameriprise Financial plan to buy back?
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Today’s news question:
Ameriprise Financial said it plans to buy back stock & increase it’s dividend. Up to how much in stock does it plan to buy back?
dBusinessNews :: Daily Business News Delivered to Your Desktop says:
Ameriprise Financial, Inc. (NYSE:AMP) announced today that its board of directors has authorized the expenditure of up to an additional $1 billion for the repurchase of shares of its common stock through March 15, 2009. This action reflects the board’s confidence in the Company’s business fundamentals, strong balance sheet and current excess capital position.
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