American Express Declares Dividends on Series B and C Preferred Stock

Rhea-AI Summary

American Express Company (NYSE: AXP) has announced dividends for its Series B and C Preferred Shares. The 5.200% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series B will pay a quarterly dividend of $9,059.25 per share on August 16, 2021, for shareholders of record as of August 1, 2021. The 4.900% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series C will have a quarterly dividend of $8,698.80 per share, payable on September 15, 2021, to shareholders of record on September 1, 2021.

Positive

• Dividend increase indicates strong company performance.
• Shareholder confidence through consistent dividend payments.

Negative

• None.

American Express Company (NYSE: AXP) has declared the following dividends on the Company’s Series B and C Preferred Shares:

• A quarterly dividend on the Company’s 5.200% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series B, of $9,059.25 per share (which is equivalent to $9.05925 per related Depositary Share). The dividend is payable on August 16, 2021, to shareholders of record on August 1, 2021.
• A quarterly dividend on the Company’s 4.900% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series C, of $8,698.80 per share (which is equivalent to $8.69880 per related Depositary Share). The dividend is payable on September 15, 2021, to shareholders of record on September 1, 2021.

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: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.

Source: American Express Company
Location: Global

View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005936/en/

FAQ

What is the dividend amount for the Series B Preferred Shares of AXP?

The dividend for the Series B Preferred Shares is $9,059.25 per share.

When will the Series C Preferred Shares dividend be paid?

The dividend for the Series C Preferred Shares will be paid on September 15, 2021.

What is the record date for the AXP Series B dividend?

The record date for the Series B dividend is August 1, 2021.

How often does American Express pay dividends?

American Express pays dividends quarterly on its preferred shares.

What are the dividend rates for AXP's preferred shares?

The dividend rates are 5.200% for Series B and 4.900% for Series C.