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

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

American Express Board Authorizes Share Repurchase Plan, Announces 15 Percent Dividend Increase

March 8, 2023 4:15 PM EST

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of American Express Company (NYSE: AXP) approved the repurchase of up to 120 million common shares, in accordance with the companys 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.

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