Dividend Increase – AXP

American Express Company (AXP) just declared $0.35 quarterly dividend. This is an increase of 9.4% from $0.32.

I own 20.24 shares in my IRA account.

My Thoughts:

I wished I added more shares of this company. At the time, I just did not have enough money to buy much more.

This increase is somewhat in line with recent increases. Last year it was a 10.3% increase and the year before that it was an 11.5% increase. I bought my shares at $60.25. AXP now trades at $91.01 a share, so I have done great with my holding of AXP.

I would love to add more shares of this great company, but I feel that the price is fair to overprice. If the price comes down to the low $80 a share, I will be buying. This is a long-term company and I see the company continuing to increase its dividends.

Own shares of AXP? What do you think about the increase?

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