American Express Declares Dividend on Series D Preferred Stock

Rhea-AI Summary

The Board of Directors of American Express (NYSE: AXP) has announced a quarterly dividend for its 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The dividend amount is $9,072.22 per share, or $9.07222 per Depositary Share. Shareholders of record on September 1, 2024, will receive the dividend on September 16, 2024.

Positive

• Quarterly dividend of $9,072.22 per share highlights company confidence and income for shareholders.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of American Express Company (NYSE: AXP) has declared a quarterly dividend on the Company’s 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $9,072.22 per share (which is equivalent to $9.07222 per related Depositary Share). The dividend is payable on September 16, 2024 to shareholders of record on September 1, 2024.

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 onfacebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, X.com/americanexpress, and youtube.com/americanexpress.

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

Source: American Express Company
Location: Global

View source version on businesswire.com: https://www.businesswire.com/news/home/20240708133507/en/

Media:

Giovanna Falbo, Giovanna.Falbo@aexp.com, +1.212.640.0327

Melanie Backs, Melanie.L.Backs@aeexp.com, +1.212.640.2164



Investors/Analysts:

Kartik Ramachandran, Kartik.Ramachandran@aexp.com, +1.212.640.5574

Kristy Ashmawy, Kristy.Ashmawy@aexp.com, +1.212.640.5574

Source: American Express Company

FAQ

What is the dividend amount declared by American Express for Series D Preferred Shares?

American Express declared a quarterly dividend of $9,072.22 per Series D Preferred Share.

When will American Express pay the declared dividend for Series D Preferred Shares?

The dividend will be paid on September 16, 2024.

Who is eligible to receive the dividend announced by American Express?

Shareholders of record on September 1, 2024, are eligible to receive the dividend.

What is the dividend per Depositary Share for American Express Series D Preferred Shares?

The dividend per Depositary Share is $9.07222.

What is the dividend yield of the American Express Series D Preferred Shares?

The dividend yield is fixed at 3.550%.