American Express's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
American Express (NYSE:AXP) has announced that shareholders owning the stock before the ex-dividend date on Thursday will be eligible for a quarterly dividend payout of 60 cents per share. The stock is expected to open 60 cents lower on the ex-dividend date to reflect the payout. The dividend is scheduled to be paid on February 09, 2024.
January 01, 2024 | 2:45 pm
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American Express is set to pay a quarterly dividend of $0.60 per share, with the ex-dividend date being this Thursday. The stock price is likely to open lower by the amount of the dividend.
The stock price of American Express is expected to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend and is typically a temporary adjustment rather than a reflection of the company's fundamentals.
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