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MINNEAPOLIS--([ BUSINESS WIRE ])--The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a $0.28 per common share dividend, payable on February 24, 2012 to shareholders of record at the close of business on February 10, 2012. The dividend represents a $0.05 or 22 percent increase from the current level.

With this action, the company will have increased its dividend by 56 percent since the second quarter of 2011 and raised its dividend five times since becoming a public company in 2005. In the first nine months of 2011, the company returned approximately $1.4 billion to shareholders through dividends and share repurchases.

At Ameriprise Financial, we have been helping people feel confident about their financial future for over 115 years. With outstanding asset management, advisory and insurance capabilities and a nationwide network of 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. For more information, or to find an Ameriprise financial advisor, visit [ ameriprise.com ].

2011 Ameriprise Financial, Inc. All rights reserved.