In a recent press release, American Express Company announced that the Board of Directors has declared a quarterly dividend on the Company’s 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D.This dividend amount is set at $9,072.22 per share, or $9.07222 per related Depositary Share, and is payable on September 16, 2024 to shareholders of record as of September 1, 2024.
American Express, a globally integrated payments company, has been focused on providing customers with exceptional services and driving business success.This announcement of a quarterly dividend further demonstrates the company’s commitment to delivering value to its shareholders.
Looking back at the previous news on September 26, 2023, American Express had also declared a quarterly dividend and highlighted its business success.The impact of these ongoing dividend payments can be seen in the company’s financial performance.With an increase in earnings per share in the first quarter of 2024, American Express’s 12-month dividend payout ratio sequentially decreased to 20.38%. This suggests that despite rising earnings, the company’s dividend payments remain sustainable and below its average.
Comparing American Express’s performance to its peers in the financial sector, the company ranks higher than 303 out of all companies in the fourth quarter of 2023.While 369 companies had a higher 12-month dividend payout ratio, American Express’s consistent performance and strategic approach to dividend payments have positioned it as a reliable choice for investors.
As American Express continues to drive business success and maintain a strong financial position, the question of a potential dividend increase in the future arises.With the company’s earnings on the rise and the payout ratio remaining below average, shareholders may anticipate further announcements of dividends in the coming quarters.
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