American Express Company
AXPFinancial Services · Stock · quarterly payer
Forward Yield
1.22%
Annual Dividend
$3.80
Payout Ratio
21%
5-Yr Growth
12.9%
Ex-Date
Jul 2, 2026
Frequency
Quarterly
Summary
As of September 2026, American Express Company (AXP) yields 1.22% ($3.80 per share annually), with a blended fair-value estimate of $532.49 — +71% upside, so it screens as undervalued. Dividend safety grade: A (96/100). 4 years of dividend growth.
Is AXP a good dividend stock?
YesAmerican Express Company (AXP) pays a quarterly dividend yielding 1.22% ($3.80/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (21%)
- Strong 12.9% 5-yr dividend growth
- 79% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.22%
- Payout Ratio
- 21%
- Annual Dividend
- $3.80
- 5-Yr Avg Growth
- 12.9%
- Ex-Dividend Date
- Jul 2, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 1.05
- Market Cap
- $210.4B
- P/E Ratio
- 18.9
- 5-Yr Total Return
- 79%
- 52-Week Range
- $290.97 – $387.49
- Dividend Safety
- A · 96/100
- Ever Cut?
- No
Frequently Asked Questions
AXP Price — Last 12 Months
Daily close
Price Return
1 Year
-14%
3 Years
+113%
5 Years
+79%
52-Week Range
$290.97 – $387.49
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AXP worth?
Undervaluedmedium confidenceOur blended fair-value estimate for American Express Company is $532.49 per share, versus a market price of $311.56. That implies 71% of upside — a margin of safety of about 41%.
Fair Value
$532.49
Current Price
$311.56
Upside
+71%
Margin of Safety
41%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 3.0% annual free-cash-flow growth. We model 14.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.5% discount rate (CAPM), 14.5% stage-1 growth, 2.5% terminal growth, $16.48 EPS, $3.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AXP Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 2, 2026 | — | $0.9500 | regular |
| Apr 2, 2026 | — | $0.9500 | regular |
| Jan 2, 2026 | — | $0.8200 | regular |
| Oct 10, 2025 | — | $0.8200 | regular |
| Jul 3, 2025 | — | $0.8200 | regular |
| Apr 4, 2025 | — | $0.8200 | regular |
| Jan 3, 2025 | — | $0.7000 | regular |
| Oct 4, 2024 | — | $0.7000 | regular |
| Jul 5, 2024 | — | $0.7000 | regular |
| Apr 4, 2024 | — | $0.7000 | regular |
| Jan 4, 2024 | — | $0.6000 | regular |
| Oct 5, 2023 | — | $0.6000 | regular |
| Jul 6, 2023 | — | $0.6000 | regular |
| Apr 5, 2023 | — | $0.6000 | regular |
Income Calculator
At $3.80 / yr per share
