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

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.

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