American Express Company (NYSE:AXP) announced a quarterly dividend on Monday, September 28th. Investors of record on Friday, October 9th will be paid a dividend of $0.95 per share by the payment services company on Tuesday, November 10th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th.
American Express has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. American Express has a payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Express to earn $20.27 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 18.7%.
American Express Trading Down 1.0%
AXP stock opened at $305.73 on Tuesday. American Express has a twelve month low of $290.97 and a twelve month high of $387.49. The stock has a market capitalization of $206.46 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.31 and a beta of 1.05. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The firm’s fifty day simple moving average is $330.51 and its two-hundred day simple moving average is $324.68.
Key Headlines Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Quarterly dividend confirmed: American Express declared a regular quarterly dividend of $0.95 per share, payable November 10 to shareholders of record October 9. The dividend equates to $3.80 annually and a 1.2% yield, providing ongoing income support for investors. American Express Declares Regular Quarterly Dividend on Common Shares
- Positive Sentiment: Global merchant acceptance expands: AXP said its cards are now accepted at more than 190 million merchant locations worldwide, an increase of approximately 20 million this year. Acceptance outside the United States has more than doubled over the past four years, potentially supporting international card spending, transaction volumes and fee revenue. AmEx widens global reach as card acceptance tops 190 million merchant locations
- Neutral Sentiment: Valuation and investor commentary: Recent commentary highlights Warren Buffett’s reduced AXP holding and debates whether the shares represent an attractive investment after trading below their all-time high. These reports may influence sentiment but do not represent a change in American Express’s operations or earnings outlook. Buffett’s AXP Holding Drops — Is Now the Time to Buy?
About American Express
American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.
American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.
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