AMERICAN EXPRESS COMPANY (NYSE:AXP) Files An 8-K Regulation FD Disclosure
Item 7.01
Regulation FD Disclosure |
On June 28, 2017, American Express Company (the Company) was
informed that the Board of Governors of the Federal Reserve
System (the Federal Reserve) did not object to the Companys
plan to return capital to shareholders through increasing the
Companys quarterly dividend to $0.35 per share beginning with
the third quarter 2017 dividend declaration, subject to
approval by the Companys Board of Directors, and repurchasing
up to $4.4 billion of common shares during the period beginning
the third quarter 2017 through and including the second quarter
2018. The timing and amount of common shares purchased under
the Companys authorized capital plans will depend on various
factors, including the Companys business plans, financial
performance and market conditions. To facilitate repurchases,
the Company may, from time to time, make purchases to one or
more trading plans under Rule 10b5-1 under the Securities
Exchange Act of 1934, as amended, which allows the Company to
repurchase common shares during periods when the Company might
otherwise be prevented from doing so under applicable law or
because of self-imposed trading blackout periods.
The Company is furnishing a press release, dated June 28, 2017,
relating to the above, which is attached as Exhibit 99.1 to
this Current Report on Form 8-K and incorporated herein by
reference. In addition, a summary of the results of the
Company-run stress tests under the Federal Reserves Regulation
YY can be found on the Companys Investor Relations website at
ir.americanexpress.com.
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Exhibit |
Description |
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99.1 |
American Express Company press release, dated June 28, 2017. |
AMERICAN EXPRESS CO ExhibitEX-99.1 2 ccarpressrelease.htm EXHIBIT 99.1 News Release News Release News Release News EXHIBIT 99.1 FOR IMMEDIATE RELEASE Media Contact: Marina H. Norville,…To view the full exhibit click here About AMERICAN EXPRESS COMPANY (NYSE:AXP)
American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS). The USCS segment includes the U.S. Consumer Card Services business and travel services in the United States. The ICNS segment includes the International Consumer Card Services business, Global Network Services (GNS) business and travel services outside the United States. The GCS segment includes the Global Corporate Payments (GCP) business, small business services businesses in the United States and internationally, merchant financing products and foreign exchange services operations. The GMS segment includes the Global Merchant Services business and global loyalty coalition businesses.
