American Express Company (AXP) To Go Ex-Dividend on January 2nd

American Express Company (NYSE:AXP) declared a quarterly dividend on Wednesday, December 17th. Investors of record on Friday, January 2nd will be paid a dividend of 0.82 per share by the payment services company on Tuesday, February 10th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, January 2nd.

American Express has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. American Express has a dividend payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Analysts expect American Express to earn $17.60 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 18.6%.

American Express Price Performance

Shares of AXP traded down $1.17 during mid-day trading on Wednesday, hitting $372.22. 132,154 shares of the stock were exchanged, compared to its average volume of 2,785,162. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The company has a market cap of $256.40 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. American Express has a 52-week low of $220.43 and a 52-week high of $387.49. The firm has a 50-day moving average of $366.07 and a two-hundred day moving average of $335.53.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 30th. The payment services company reported ($11.85) earnings per share for the quarter. The business had revenue of ($17,139.00) million during the quarter. American Express had a net margin of 14.97% and a return on equity of 33.41%. On average, equities analysts predict that American Express will post 15.33 earnings per share for the current year.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.