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BRIEF-AMP Ltd announces buy-back, updates on outlook
February 8, 2017 / 8:45 PM / 10 months ago

BRIEF-AMP Ltd announces buy-back, updates on outlook

Feb 9 (Reuters) - AMP Ltd:

* Announced an on-market share buy-back of up to A$500 million and maintained our dividend

* “AMP’s dividend policy target range is 70 to 90 per cent of underlying profit”

* Omni-channel advice network,campaigns to capitalise on more favourable market environment, corporate super pipeline,are expected to support cashflows in 2017

* For FY external net cashflows were $967 million

* FY 17 controllable costs, Ex AMP Capital, expected to be 3% lower than normalised FY16 Source text for Eikon: Further company coverage:

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