NYSE:AXPConsumer Finance
American Express Dividend Hike And New Tower Shape Long Term Story
American Express (NYSE:AXP) approved a 16% increase to its quarterly dividend.
The company also announced plans to build a new global headquarters at 2 World Trade Center in Lower Manhattan.
Both decisions highlight management’s capital allocation priorities and long term presence in New York City.
American Express operates a global payments network and issues cards that target consumer, small business, and corporate spending. For investors, a higher dividend can change the mix of total...