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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 99 points (+0.7%) at 14,671 as of Tuesday, Apr 2, 2013, 10:35 a.m. ET. During this time, 130 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612 million. The NYSE advances/declines ratio sits at 1,686 issues advancing vs. 1,120 declining with 134 unchanged.
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Wednesday, April 3, 2013 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 20 cents per share. At a price of $67.27 as of 10:35 a.m. ET, the dividend yield is 1.2% compared to the average Dow component yield of 2.6%.

The average volume for American Express has been 5.5 million shares per day over the past 30 days. American Express has a market cap of $74.34 billion and is part of the financial sector and financial services industry. Shares are up 17% year to date as of Monday's close.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. The company has a P/E ratio of 17.3, 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, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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