09-25-2018, 12:32 PM
American Express approves dividend increase that it already disclosed
American Express's (AXP) board approves an 11% increase in its quarterly dividend to 39 cents per share from 35 cents.
The plans for a higher dividend were known in June when the Federal Reserve approved capital return plans for "too big to fail" financial institutions. AmEx's capital return plan included buying back up to $1.6B of common shares this year and up to $1.9B in H1 2019.
https://seekingalpha.com/news/3392841-am...-disclosed
American Express's (AXP) board approves an 11% increase in its quarterly dividend to 39 cents per share from 35 cents.
The plans for a higher dividend were known in June when the Federal Reserve approved capital return plans for "too big to fail" financial institutions. AmEx's capital return plan included buying back up to $1.6B of common shares this year and up to $1.9B in H1 2019.
https://seekingalpha.com/news/3392841-am...-disclosed