American Express Board Authorizes 17% Dividend Increase Raising It From $0.60 To $0.70/Share
Portfolio Pulse from Benzinga Newsdesk
The board of American Express has approved a 17% increase in its quarterly dividend, raising it to $0.70 per share. This decision reflects the company's confidence in its financial health and commitment to returning value to its shareholders.
March 06, 2024 | 9:55 pm
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American Express has announced a 17% increase in its quarterly dividend to $0.70 per share, signaling strong financial health and a commitment to shareholder value.
Dividend increases are typically viewed positively by the market as they indicate a company's confidence in its financial stability and future earnings potential. For American Express, this substantial increase in dividends could attract income-focused investors and potentially boost the stock price in the short term.
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