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..

The Dow Jones Industrial Average ( ^DJI) is trading down 159.0 points (-0.9%) at 17,787 as of Monday, Jun 29, 2015, 10:36 a.m. ET. During this time, 77.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 340.3 million. The NYSE advances/declines ratio sits at 536 issues advancing vs. 2,425 declining with 141 unchanged.
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Tuesday, June 30, 2015 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 29 cents per share. At a price of $78.94 as of 10:36 a.m. ET, the dividend yield is 1.4% compared to the average Dow component yield of 2.8%.

The average volume for American Express has been 5.8 million shares per day over the past 30 days. American Express has a market cap of $81.14 billion and is part of the financial sector and financial services industry. Shares are down 14.1% year-to-date as of Friday'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 14, 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 increase in net income, growth in earnings per share, attractive valuation levels and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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