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NEW YORK ( TheStreet) -- The ex-dividend date for American Express (NYSE: AXP) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $42.40 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for American Express has been 8.7 million shares per day over the past 30 days. American Express has a market cap of $53.6 billion and is part of the financial sector and real estate industry. Shares are up 1.3% year to date as of the close of trading on Monday. American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company has a P/E ratio of 11.8, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.