American Express Board Authorizes 20 Percent Dividend Increase

Rhea-AI Summary

The Board of Directors of American Express Company (NYSE: AXP) has approved a $0.09 increase in the regular quarterly dividend, raising it to $0.52 per common share from $0.43. This marks a approximately 20 percent increase, showcasing the company's strong performance. The dividend is payable on May 10, 2022, to shareholders of record on April 8, 2022.

Positive

• Quarterly dividend increased by $0.09 to $0.52, a 20% rise.
• Demonstrates confidence in financial stability and future growth.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of American Express Company (NYSE: AXP) approved a $0.09 – or approximately 20 percent – increase in the regular quarterly dividend on the company’s common stock. The dividend was raised to $0.52 per common share, from $0.43 cents, payable on May 10, 2022, to shareholders of record on April 8, 2022.

ABOUT AMERICAN EXPRESS

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate responsibility, and Environmental, Social, and Governance reports.

Source: American Express Company

Location: Global

View source version on businesswire.com: https://www.businesswire.com/news/home/20220310005616/en/

Media:

Andrew R. Johnson, Andrew.R.Johnson@aexp.com, 212-640-8610

Azar Boehm, Azar.Boehm@aexp.com, 212-225-4052

Investors/Analysts:

Vivian Y. Zhou, Vivian.Y.Zhou@aexp.com, 212-640-5574

Melanie L. Michel, Melanie.L.Michel@aexp.com, 212-640-5574

Source: American Express Company

FAQ

What is the new dividend amount for American Express (AXP)?

The new quarterly dividend for American Express (AXP) is $0.52 per common share.

When will the new dividend be paid by American Express (AXP)?

The new dividend will be payable on May 10, 2022.

What was the previous dividend amount for American Express (AXP)?

The previous dividend amount was $0.43 per common share.

On what date will American Express (AXP) shareholders be recorded for the dividend?

Shareholders of record will be noted on April 8, 2022.

How much has the dividend increased for American Express (AXP)?

The dividend has increased by $0.09, which is a 20% increase.