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American Express has announced a 17% increase in its quarterly dividend, reflecting strong earnings momentum and confidence from leadership. The company reported record revenue of $65.9 billion in 2024, with a 25% rise in earnings per share, driven by robust spending in travel and premium services. Despite potential risks, Amex's focus on affluent customers and share repurchases indicates a positive outlook for growth and stability.
American Express has announced a 17% increase in its quarterly dividend, raising it from $0.70 to $0.82 per share, marking its largest hike in over a decade. The company reported record revenue of $65.9 billion in 2024, with a 25% rise in earnings per share to $14.01, driven by strong card member spending, particularly in travel and entertainment.Looking ahead, American Express anticipates revenue growth of 8% to 10% in 2025, with projected earnings per share between $15 and $15.50, reflecting confidence in its long-term financial strength and momentum with younger customers.
Stephen Squeri
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
american express boosts dividend by 17 percent amid strong financial performance
08:41 23.03.2025
american express boosts dividend by 17 percent amid strong financial performance
08:41 23.03.2025
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