What is the new quarterly dividend rate for American Express common stock?

The new quarterly dividend rate for American Express common stock is $0.23 per share.

By what percentage did the quarterly dividend increase?

The quarterly dividend increased by 15%, from $0.20 per share to $0.23 per share.

What does this dividend increase suggest about American Express's financial health?

The increase in the quarterly dividend suggests that American Express's management has confidence in the company's current financial stability and its ability to generate sufficient earnings to support higher payouts to shareholders.

When did this dividend increase take effect?

The dividend increase was announced on April 30, 2013, with an event date of April 29, 2013, indicating it was effective around that time.

AXP 8-K SEC Disclosure — Apr 30, 2013

Summary

American Express Company (AXP) filed an 8-K on April 30, 2013, to announce a significant increase in its quarterly common stock dividend. Effective April 29, 2013, the quarterly dividend was raised from $0.20 per share to $0.23 per share. This represents a 15% increase in the dividend payout, signaling confidence from management in the company's financial stability and future growth prospects.

Key Highlights

1Increased quarterly dividend on common stock from $0.20 to $0.23 per share.
2The dividend increase represents a 15% rise in regular shareholder payouts.
3The event date for the dividend increase announcement was April 29, 2013.
4This announcement was made via a press release filed as an exhibit to the 8-K.
5The filing indicates positive momentum and commitment to returning capital to shareholders.

AMERICAN EXPRESS CO 8-K Report, Corporate Update (Apr 30, 2013)

Summary

Key Highlights

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