American Express Company (NYSE:AXP) Shares to Pay Quarterly Dividend of $0.95

American Express Company (NYSE:AXP) announced a quarterly dividend on Monday, September 28th. Shareholders of record on Friday, October 9th will be given a dividend of $0.95 per share by the payment services company on Tuesday, November 10th. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 9th.

American Express has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. American Express has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect American Express to earn $20.27 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 18.7%.

American Express Price Performance

Shares of NYSE AXP opened at $305.73 on Tuesday. The stock has a market capitalization of $206.46 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.31 and a beta of 1.05. American Express has a 12 month low of $290.97 and a 12 month high of $387.49. The firm’s 50 day simple moving average is $330.51 and its 200-day simple moving average is $324.68. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period in the previous year, the firm earned $4.08 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express will post 17.71 EPS for the current year.

Institutional Trading of American Express

Several large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in American Express during the 2nd quarter worth $14,208,662,000. State Street Corp grew its holdings in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after purchasing an additional 11,739,541 shares during the last quarter. Capital World Investors increased its position in shares of American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of American Express by 8.4% in the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after purchasing an additional 614,981 shares during the last quarter. Finally, Nuveen LLC grew its stake in American Express by 6.0% during the 4th quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock worth $1,913,560,000 after buying an additional 293,107 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Company Profile

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.