Ameriprise Financial Declares Regular Quarterly Dividend; Limited Share Repurchase Program Announced.MINNEAPOLIS -- The Board of Directors of Ameriprise Financial, Inc. (NYSE NYSE See: New York Stock Exchange :AMP) today declared a quarterly cash dividend of $0.11 per common share, payable February 17, 2006 to stockholders of record at the close of business on February 2, 2006. The Board also authorized, until the end of 2006, a share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. of up to 2 million shares to offset the dilutive impact of equity incentives issued to the Company's financial advisors under the separation-related retention program initiated in 2005. Ameriprise Financial, Inc. is a leading financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and services company that provides solutions for clients' asset accumulation, income management and insurance protection needs. Through a nationwide network of more than 10,000 financial advisors, Ameriprise Financial delivers tailored solutions to clients through a comprehensive and personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The Company specializes in meeting the retirement-related financial needs of the mass affluent. Financial advisory services and investments are available through Ameriprise Financial Services, Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . For more information, visit www.ameriprise.com. |
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