Will American Express Raise Its Dividend in 2018?
Turn the clock back 50 years, and American Express (NYSE: AXP) was one of the innovators of the financial industry. By helping to make the charge card a status symbol for success, AmEx set the stage for the modern electronic payments systems that billions of people across the globe rely on for everyday commerce.
Along the way, the card pioneer has also been good to its shareholders, both in producing long-term growth and by paying reliable dividends. Yet with ongoing fallout following the loss of its relationship with big-box warehouse retailer Costco Wholesale (NASDAQ: COST), some feared that the company's dividend might be in trouble. That hasn't been the case so far, and investors want to know whether they can expect even larger payments in the coming year.
Current Quarterly Dividend Per Share
Source: Fool.com
American Express Co. Stock
Our community is currently high on American Express Co. with 24 Buy predictions and 7 Sell predictions.
As a result the target price of 222 € shows a slightly positive potential of 3.5% compared to the current price of 214.5 € for American Express Co..
