AmEx Sweetens the Deal With a Dividend Hike: Buy, Hold or Sell?

American Express Company (AXP) , a global integrated payments company, recently announced a 17% increase in its quarterly dividend, raising it by 12 cents to 82 cents per share (or $3.28 annually). The higher dividend will be paid on May 9, 2025, to shareholders of record as of April 4.While this move reflects confidence in AmEx’s cash flow and growth prospects, its current dividend yield of 1.11% remains lower than the Financial – Miscellaneous Services industry average of 1.76%. This could be a drawback f ...