By Amira McKee


American Express raised its quarterly dividend by 16% to 95 cents a share from 82 cents.

The new payout, equal to $3.80 a year, represents an annual yield of about 1.2% based on the latest closing price of $307.43.

The dividend is payable on May 8 to shareholders of record on April 3, the company said Monday.


Write to Amira McKee at amira.mckee@wsj.com


(END) Dow Jones Newswires

03-02-26 1653ET