AMERICAN EXPRESS COMPANY (NYSE:AXP) Files An 8-K Regulation FD DisclosureItem 7.01
Regulation FD Disclosure
On June 28, 2018, 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 Company's plan to return capital to shareholders through increasing the Company's quarterly dividend to $0.39 per share beginning with the third quarter 2018 dividend declaration, subject to approval by the Company's Board of Directors, and repurchasing up to $3.4 billion of common shares during the period beginning the third quarter 2018 through and including the second quarter 2019. The timing and amount of common shares purchased under the Company's authorized capital plans will depend on various factors, including the Company's 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, 2018, 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 Reserve's Regulation YY can be found on the Company's Investor Relations website at ir.americanexpress.com.
AMERICAN EXPRESS CO ExhibitEX-99.1 2 exhibit99_1.htm EXHIBIT 99.1 EXHIBIT 99.1 News Release News Release News Release News Release FOR IMMEDIATE RELEASE Media Contact: Marina H. Norville,…To view the full exhibit click
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.