American Express Company to Issue Quarterly Dividend of $0.95 (NYSE:AXP)

American Express Company (NYSE:AXP) declared a quarterly dividend on Thursday, June 4th. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.95 per share by the payment services company on Monday, August 10th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd.

American Express has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. American Express has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Express to earn $20.10 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 18.9%.

American Express Stock Up 4.1%

Shares of NYSE AXP opened at $312.98 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The company has a market cap of $213.55 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.22 and a beta of 1.06. American Express has a 12 month low of $286.15 and a 12 month high of $387.49. The stock has a 50-day moving average price of $313.70 and a two-hundred day moving average price of $337.11.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts forecast that American Express will post 17.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AXP shares. Truist Financial lowered their price objective on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Evercore set a $345.00 price objective on American Express in a research note on Wednesday, April 29th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company lowered their price objective on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Bank of America upped their price objective on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $359.05.

American Express Company Profile

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.