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new york – american express The company (NYSE: NYSE:) announced an increase in its quarterly dividend, a move consistent with the company's previously disclosed financial strategy. The Board of Directors has approved a $0.10 increase, which would represent a 17% increase in common stock dividends. This increase will raise the dividend from $0.60 to $0.70 per share.
Shareholders of record as of April 5, 2024 will be eligible to receive the new dividend, which is scheduled to be distributed on May 10, 2024. This decision was made in response to the company's 2023 Q4 financial results announcement, and was originally at a time when it was planning to increase its dividend. mentioned.
American Express, a global payments company, offers a wide range of products and services. These include personal and business cards, travel and gift services, and merchant services. The company also focuses on corporate sustainability and is committed to diversity and inclusion.
The dividend increase is part of American Express' continued efforts to deliver value to shareholders and reflects the company's financial health and outlook. While increasing dividends signals confidence in a company's financial stability, it is also a routine part of many companies' financial practices to regularly review and adjust dividend payments in line with earnings and financial strategy.
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