With the share price floundering towards record lows, AMP investors might be wondering when that $200 million share buyback is going to start in earnest and start cushioning against further declines.
The AMP board (back when it was headed by David Murray) announced the $200 million buyback on August 13 as part of a commitment to return up to $544 million to shareholders, when added to a $344 million special dividend.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
