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American Express has increased its quarterly dividend by 17%, raising it from 70 cents to 82 cents per share. This results in an annualized dividend yield of approximately $3.28, up from the previous year’s $3.09. The stock price is currently $325.87, contributing to a higher yield compared to last year’s 0.86%. Notably, this dividend hike is part of a trend as American Express has increased dividends annually for several years.
This strategic move by the company aims to provide consistent returns to shareholders while reflecting its financial health and growth strategy.
Source: https://www.marketwatch.com/story/american-express-to-raise-quarterly-dividend-by-17-cdfceb66