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 $9,325.22 per share, payable on February 16, 2021. Shareholders must be on record by February 5, 2021. For Series C, the dividend is $8,753.75 per share, payable on March 15, 2021, with a record date of March 1, 2021. This reflects the Company's commitment to providing returns to its shareholders.

Positive

• Quarterly dividend of $9,325.22 per share for Series B
• Quarterly dividend of $8,753.75 per share for Series C
• Demonstrates continued commitment to shareholder returns

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 $9,325.22 per share (which is equivalent to $9.32522 per related Depositary Share). The dividend is payable on February 16, 2021, to shareholders of record on February 5, 2021.
• A quarterly dividend on the Company’s 4.900% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series C, of $8,753.75 per share (which is equivalent to $8.75375 per related Depositary Share). The dividend is payable on March 15, 2021, to shareholders of record on March 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.

Location: Global

View source version on businesswire.com: https://www.businesswire.com/news/home/20210127005828/en/

FAQ

What are the dividend amounts announced by American Express (AXP) for Series B and C shares?

American Express announced a dividend of $9,325.22 per share for Series B and $8,753.75 per share for Series C.

When will the dividends for American Express (AXP) be paid?

The dividends for Series B will be paid on February 16, 2021, and for Series C on March 15, 2021.

What is the record date for the dividends of American Express (AXP)?

The record date for Series B is February 5, 2021, and for Series C is March 1, 2021.

How often does American Express (AXP) pay dividends?

American Express pays dividends quarterly, as reflected in its recent announcements for Series B and C shares.