American Express (AXP) Raises Quarterly Dividend 15.4% to $0.60; Approves 120M Share Buyback

American Express (NYSE: AXP) declared a quarterly dividend of $0.60 per share, or $2.4 annualized. This is a 15.4% increase from the prior dividend of $0.52.

The dividend will be payable on May 10, 2023, to stockholders of record on April 7, 2023, with an ex-dividend date of April 5, 2023.

The annual yield on the dividend is 1.4 percent.

The Board of Directors of American Express Company (NYSE: AXP) approved the repurchase of up to 120 million common shares, in accordance with the company’s capital plans that are, from time to time, reviewed and not objected to by the Federal Reserve. This authorization replaces the approximately 36 million common shares of common stock remaining from the previous Board authorization in 2019.

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

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