American Express (AXP) Raises Quarterly Dividend 11.5% to $0.29; 1.5% Yield

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American Express Board Authorizes Repurchase of up to 150 Million Shares, Announces 12 Percent Dividend Increase

May 12, 2015 4:30 PM EDT

NEW YORK--(BUSINESS WIRE)-- The board of directors of American Express Company (NYSE: AXP) today approved the repurchase of up to 150 million common shares, from time to time, subject to market conditions and the Federal Reserves non-objection of the companys capital plans. This authorization replaces the prior 150 million share repurchase program that had approximately 45 million shares of common stock remaining under board authorization.

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American Express Company Elects Michael Leavitt to Board of Directors

May 11, 2015 11:05 AM EDT

NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today announced that Michael O. Leavitt has been elected to its board of directors.

Governor Leavitt is the founder and chairman of Leavitt Partners where he advises clients on how navigate the health care value economy.

Governor Leavitt served as Governor of Utah from 1993-2003. He joined the Cabinet of President George W. Bush in 2003, serving in two positions: Administrator of the Environmental Protection Agency (2003-2005) and then as Secretary of Health and Human Services... More