American Express (NYSE:AXP) Announces Quarterly Dividend of $0.43

American Express (NYSE:AXP) announced a quarterly dividend on Thursday, December 12th, RTT News reports. Investors of record on Friday, January 3rd will be given a dividend of 0.43 per share by the payment services company on Monday, February 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.41%. This is an increase from American Express’s previous quarterly dividend of $0.39.

American Express has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. American Express has a payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Express to earn $9.01 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 19.1%.

NYSE:AXP traded up $1.37 during mid-day trading on Thursday, reaching $122.01. The stock had a trading volume of 260,899 shares, compared to its average volume of 2,613,397. The firm has a 50 day moving average price of $119.46 and a two-hundred day moving average price of $120.81. The stock has a market capitalization of $98.57 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.42 and a beta of 1.05. American Express has a one year low of $89.05 and a one year high of $129.34. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.86 and a current ratio of 1.86.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.01. American Express had a return on equity of 29.68% and a net margin of 16.51%. The firm had revenue of $10.99 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Research analysts forecast that American Express will post 8.15 earnings per share for the current year.

In other news, insider Denise Pickett sold 2,400 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $118.39, for a total transaction of $284,136.00. Following the transaction, the insider now directly owns 9,788 shares of the company’s stock, valued at $1,158,801.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen J. Squeri sold 15,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $117.96, for a total value of $1,769,400.00. Following the transaction, the chief executive officer now directly owns 184,090 shares in the company, valued at $21,715,256.40. The disclosure for this sale can be found here. Insiders have sold 25,820 shares of company stock worth $3,033,961 over the last three months. Insiders own 0.21% of the company’s stock.

Several analysts have weighed in on the company. ValuEngine downgraded American Express from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. BMO Capital Markets boosted their price objective on American Express from $119.00 to $123.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Oppenheimer set a $126.00 price objective on American Express and gave the company a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. set a $122.00 price objective on American Express and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, Cfra reiterated a “hold” rating on shares of American Express in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $125.89.

American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Dividend History for American Express (NYSE:AXP)

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