American Express Company (NYSE:AXP) declared a quarterly dividend on Thursday, June 4th. Investors of record on Thursday, July 2nd will be given a dividend of 0.95 per share by the payment services company on Monday, August 10th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd.
American Express has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. American Express has a dividend payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Express to earn $20.10 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 18.9%.
American Express Stock Up 4.1%
NYSE AXP opened at $312.98 on Friday. The business has a fifty day moving average price of $313.70 and a 200 day moving average price of $337.11. American Express has a one year low of $286.15 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The company has a market cap of $213.55 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.22 and a beta of 1.06.
American Express News Summary
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express declared a quarterly dividend of $0.95 per share, reinforcing its cash-generation strength and commitment to returning capital to shareholders. Dividend announcement
- Positive Sentiment: American Express card spending is growing at its fastest pace in three years, suggesting healthy demand among its affluent customer base and supporting revenue trends. American Express Card Spending article
- Positive Sentiment: The company launched a new Fanatics Rewards Card targeting sports fans, which could help American Express expand into a younger and more engaged customer segment. American Express Taps Sports Fans With New Fanatics Rewards Card
- Neutral Sentiment: Coverage about American Express moving its headquarters to 2 World Trade Center points to a strategic repositioning story, but it is not likely to have an immediate effect on earnings or valuation. Why American Express is moving its HQ to 2 World Trade Center
- Neutral Sentiment: Recent commentary notes the stock has fallen significantly this year, which may reflect broader valuation pressure even as fundamentals remain solid. Is It Time To Reassess American Express (AXP) After This Year’s Share Price Pullback?
- Negative Sentiment: Investor articles also note that American Express has recently underperformed, with shares down sharply year to date, which may be limiting near-term upside despite the positive operating news. American Express declines more than market
American Express Company Profile
American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.
American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co?brand partnerships with airlines, hotels and retailers.
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