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Dow Component American Express (AXP) To Go Ex-dividend Tomorrow

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 105.0 points (-0.6%) at 16,919 as of Tuesday, Jul 8, 2014, 10:36 a.m. ET. During this time, 70.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 320.4 million. The NYSE advances/declines ratio sits at 904 issues advancing vs. 1,983 declining with 189 unchanged.

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Wednesday, July 9, 2014 is the ex-dividend date for Dow component American Express (NYSE: AXP). Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $94.12 as of 10:36 a.m. ET, the dividend yield is 1.1% compared to the average Dow component yield of 2.6%.

The average volume for American Express has been 3.3 million shares per day over the past 30 days. American Express has a market cap of $101.46 billion and is part of the financial sector and financial services industry. Shares are up 5.2% year-to-date as of Monday's close.

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. The company has a P/E ratio of 18.9, equal to the average financial services industry P/E ratio.

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TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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