How To Earn $500 A Month From American Express Stock After Upbeat Earnings
Portfolio Pulse from Lisa Levin
American Express Co (NYSE:AXP) reported better-than-expected earnings for Q3, with revenue growing 12% YoY to $15.38 billion, beating the consensus of $15.36 billion. EPS of $3.30 also beat the consensus of $2.94. The company is on track to achieve revenue growth and EPS for the entire year. The company's dividend yield is currently 1.70%, which is a quarterly dividend amount of 60 cents a share ($2.40 a year). To earn $500 monthly from American Express dividends, an investor would need to own approximately $353,925 worth of American Express, or 2,500 shares.
October 23, 2023 | 12:47 pm
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American Express reported better-than-expected Q3 earnings and is on track to achieve its annual guidance. The company's dividend yield is currently 1.70%. To earn $500 monthly from dividends, an investor would need to own approximately $353,925 worth of American Express.
American Express reported strong Q3 earnings, beating consensus estimates. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term. The company's current dividend yield of 1.70% could also attract income-focused investors, potentially providing additional support for the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100