American Express Declares Dividends on Series B and Series C Preferred Stock

Rhea-AI Summary

American Express Company (NYSE: AXP) has announced dividends for its Series B and C Preferred Shares. The quarterly dividend for Series B is set at $9,054.38 per share, payable on May 17, 2021, to shareholders of record as of May 1, 2021. For Series C, the quarterly dividend is $8,864.92 per share, payable on June 15, 2021, to shareholders of record on June 1, 2021. These announcements highlight the company's ongoing commitment to returning value to its preferred shareholders.

Positive

• Quarterly dividend of $9,054.38 per Series B share reinforces shareholder value.
• Quarterly dividend of $8,864.92 per Series C share continues commitment to investors.

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 $9,054.38 per share (which is equivalent to $9.05438 per related Depositary Share). The dividend is payable on May 17, 2021, to shareholders of record on May 1, 2021.
• A quarterly dividend on the Company’s 4.900% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series C, of $8,864.92 per share (which is equivalent to $8.86492 per related Depositary Share). The dividend is payable on June 15, 2021, to shareholders of record on June 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/20210427005684/en/

FAQ

What is the dividend amount for American Express Series B Preferred Shares?

The dividend amount for American Express Series B Preferred Shares is $9,054.38 per share.

When will American Express pay dividends on its Series B Preferred Shares?

The dividends on the Series B Preferred Shares will be paid on May 17, 2021.

What dividend will American Express pay for its Series C Preferred Shares?

The dividend for the Series C Preferred Shares is $8,864.92 per share.

When is the payment date for American Express Series C Preferred Shares dividends?

The payment date for the Series C Preferred Shares dividends is June 15, 2021.