American Express said on March 8, 2023, that its board of directors had a regular quarterly dividend $0.60 per share ($2.40 annualized). Previously, the company paid $0.52 per share.
Shares must have been purchased before the ex-split date of April 5, 2023, to qualify for the dividend. Shareholders of record through April 7, 2023 will receive the payment on May 10, 2023.
At the current share price of $172.12/share, the stock’s dividend yield is 1.39%. Looking back five years and taking a sample every week, the average dividend yield has been 1.38%, with a low of 0.94%, and a high of 2.49%. The standard deviation of the yield is 0.25 (n=237).
The current dividend yield is 0.06 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 0.24. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.40%, indicating that it has increased its dividend over time.
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Analyst Price Forecast Indicates 10.85% Upside
By March 10, 2023, average one year price target For American Express it is $190.79. Forecasts range from a low of $150.49 to a high of $231.00. The average price target represents an upside of 10.85% from its latest reported closing price of $172.12.
see our Leaderboard of companies With the biggest price target on the upside.
American Express has estimated annual revenue of $59,192MM, a growth of 16.80%. Estimated Annual Non-GAAP eps
What is Fund Sentiment?
there are Reporting of 3081 fund or institution positions in American Express. This is an increase of 73 owners or 2.43% over the previous quarter. average portfolio weight of all funds Dedicated to AXP is 0.47%, a decrease of 7.24%. Total shares owned by institutions decreased by 0.73% to 695,786K shares in the last three months. put/call ratio AXP has a value of 0.85, indicating a bullish outlook.
What are the big shareholders doing?
The company holds 151,611K shares representing 20.37% ownership. No change from last quarter.
Wellington Management Group LLP
The company holds 21,818K shares representing 2.93% ownership. In its prior filing, the firm reported holdings representing 23,685K shares.
of 8.56%. Firm
fell short of
Its portfolio allocation in AXP has increased by 5.03% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 17,034K shares representing 2.29% ownership. In its prior filing, the firm reported representing 16,771K shares.
of 1.55%. Firm
Its portfolio allocation in AXP has increased by 2.73% as compared to the previous quarter.
JPMorgan Chase &
The company holds 16,489K shares representing 2.22% ownership. In its prior filing, the firm reported representing 16,087K shares.
of 2.43%. Firm
Its portfolio allocation in AXP has increased by 3.05% as compared to the previous quarter.
Fisher Asset Management
The company holds 14,511K shares representing 1.95% ownership. In its prior filing, the firm reported representing 15,039K shares.
of 3.63%. Firm
fell short of
Its portfolio allocation in AXP has increased by 4.70% as compared to the previous quarter.
american express background information
(This description is provided by the company.)
American Express is a globally integrated payments company that provides customers with the products, insights and experiences that enrich lives and build business success.
This story originally appeared on Fintail,
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.