Seeking Alpha

American Express boosts dividend 13%, sets $5.4B buyback

  • American Express (AXP) is approved by the Fed to boost its quarterly dividend to $0.26 per share from $0.23 for an annualized yield of 1.16%. The company sets a buyback plan of up to $4.4B in stock this year and $1B in 2015 Q1 - a needle-moving 5.7% of the float.
  • Press release
  • Shares +0.1% AH
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