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

Rhea-AI Summary

American Express Company (NYSE: AXP) has announced dividends on its Series B and D Preferred Shares. The quarterly dividend for Series B, which has a 5.200% Fixed Rate, is set at $8,980.56 per share, payable on November 15, 2021. For Series D, with a 3.550% Fixed Rate Reset, the dividend is $8,973.61 per share, payable on December 15, 2021. These dividends reflect the company’s commitment to providing income to its shareholders.

Positive

• Quarterly dividend of $8,980.56 for Series B shares indicates robust profitability.
• Quarterly dividend of $8,973.61 for Series D shows ongoing revenue generation.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) has declared the following dividends on the Company’s Series B and D Preferred Shares:

• A quarterly dividend on the Company’s 5.200% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series B, of $8,980.56 per share (which is equivalent to $8.98056 per related Depositary Share). The dividend is payable on November 15, 2021, to shareholders of record on November 1, 2021.
• A quarterly dividend on the Company’s 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $8,973.61 per share (which is equivalent to $8.97361 per related Depositary Share). The dividend is payable on December 15, 2021, to shareholders of record on December 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/20211014006068/en/

Media:

Andrew R. Johnson, Andrew.R.Johnson@aexp.com, 212.640.8610

Azar Boehm, Azar.Boehm@aexp.com, 212.225.4052

Investors:

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 dividend amount for Series B Preferred Shares of AXP?

The dividend amount for Series B Preferred Shares is $8,980.56 per share.

When is the dividend payable for AXP's Series B shares?

The dividend for Series B shares is payable on November 15, 2021.

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

The dividend amount for Series D Preferred Shares is $8,973.61 per share.

When is the dividend payable for AXP's Series D shares?

The dividend for Series D shares is payable on December 15, 2021.