AmEx (AXP) Rewards Shareholders With a 16.7% Dividend Hike

American Express Company (AXP) announced that its board of directors increased its cash dividend to 70 cents per share from 60 cents, reflecting a 16.7% jump from the prior payout. The dividend will be paid out on May 10, 2024, to shareholders on record as of Apr 5.American Express has been a regular dividend-paying company for more than three decades, which is commendable. Based on the stock’s Mar 6 closing price of $218.45, the new dividend will yield 1.1% to the company. Prior to the recent dividend hike ...