American Express (NYSE:AXP) announced a quarterly dividend on Thursday, May 7th, RTT News reports. Stockholders of record on Thursday, July 2nd will be given a dividend of 0.43 per share by the payment services company on Monday, August 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, July 1st.
American Express has increased its dividend payment by an average of 433.3% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. American Express has a dividend payout ratio of 55.1% meaning its dividend is sufficiently covered by earnings. Analysts expect American Express to earn $7.24 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 23.8%.
Shares of AXP opened at $94.52 on Tuesday. American Express has a 1 year low of $67.00 and a 1 year high of $138.13. The company has a market cap of $75.20 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a fifty day moving average of $96.41 and a 200-day moving average of $107.02.
American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, April 24th. The payment services company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.29. American Express had a net margin of 12.74% and a return on equity of 30.21%. The business had revenue of $10.31 billion for the quarter, compared to analysts’ expectations of $10.67 billion. During the same period in the previous year, the business earned $2.01 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Analysts predict that American Express will post 4.49 EPS for the current year.
A number of equities analysts recently weighed in on AXP shares. William Blair reissued a “buy” rating on shares of American Express in a research note on Wednesday, March 18th. BMO Capital Markets dropped their price target on American Express from $115.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, April 27th. Deutsche Bank dropped their price target on American Express from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Robert W. Baird raised American Express from a “neutral” rating to an “outperform” rating and set a $124.00 price target on the stock in a research note on Monday, March 9th. Finally, Bank of America cut American Express from a “buy” rating to a “neutral” rating and set a $108.00 price target on the stock. in a research note on Thursday, March 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $108.10.
About American Express
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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