American Express (AXP) Announces 150M Common Stock Buyback; Quarterly Dividend Increased 10.3%

September 27, 2016 9:17 AM EDT

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

American Express (NYSE: AXP) declared a quarterly dividend of $0.32 per share, or $1.28 annualized. This is a 10.3% increase from the prior dividend of $0.29. The dividend will be payable on November 10, 2016, to stockholders of record on October 7, 2016, with an ex-dividend date of October 5, 2016. The annual yield on the dividend is 2 percent.

The board of directors also approved the repurchase of up to 150 million common shares, from time to time, subject to market conditions and the Federal Reserve’s non-objection of the company’s capital plans. This authorization replaces the prior 150 million share repurchase program that had approximately 50 million shares of common stock remaining under board authorization.

For a dividend history and other dividend-related data on American Express (AXP) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Dividend Hike, Dividends, Hot Buybacks, Hot Dividends, Stock Buybacks

Related Entities

Dividend, Stock Buyback

Add Your Comment