American Express Plans to Raise Quarterly Dividend by 10.3%
July 19 2019 - 8:15AM
Dow Jones News
By Colin Kellaher
American Express Co. (AXP) on Friday said it expects to raise
its quarterly dividend by 10.3% to 43 cents from 39 cents.
The new payout, equal to $1.72 a year, would represent an annual
yield of about 1.34% based on Thursday's closing price of $128.40,
up from about 1.21%.
The New York financial-services company said it expects to begin
paying the increased dividend in the third quarter, subject to
approval by the board.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 19, 2019 08:00 ET (12:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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