Key Developments: American Express Co (AXP)

AXP on New York Consolidated

93.18USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

American Express and Delta extend partnership
Thursday, 11 Dec 2014 10:00am EST 

American Express and Delta Air Lines:Announced a multiyear extension of their exclusive co-brand Credit Card.Says deal includes continuation of Delta as a Card-accepting merchant and as a participant in the Membership Rewards program from American Express.  Full Article

American Express declares regular quarterly dividend
Tuesday, 2 Dec 2014 02:45pm EST 

American Express Co:Declares regular quarterly dividend of $0.26 per common share.Payable on Feb. 10, 2015.To shareholders of record on Jan. 9, 2015.  Full Article

American Express declares regular quarterly dividend
Tuesday, 22 Jul 2014 03:30pm EDT 

American Express Co:Declares a regular quarterly dividend of $0.26 per common share.Payable on Nov. 10 to shareholders of record on Oct. 3.  Full Article

American Express co completes establishment of joint venture for Global Business Travel
Monday, 30 Jun 2014 05:09pm EDT 

American Express Co:Completes previously announced plans to establish joint venture for business travel operations.Joint venture will operate under American Express Global Business Travel brand.American Express and an investor group led by Certares each have 50 percent ownership stake in the joint venture.  Full Article

American Express announces 13 percent dividend increase
Tuesday, 13 May 2014 02:35pm EDT 

American Express Co:Approved 13 percent increase in the quarterly dividend on the company's common stock.Dividend raised to $0.26 per common share, from $0.23.Payable on Aug. 8 to shareholders of record on July 11.  Full Article

American Express to increase quarterly dividend by 13 pct and buy back up to $4.4 billion of common shares in 2014
Wednesday, 26 Mar 2014 04:36pm EDT 

American Express Company:Increasing quarterly dividend to $0.26 per share beginning with the second quarter 2014 dividend declaration, subject to approval by the company's board.Repurchasing up to $4.4 billion of common shares during 2014 and up to an additional $1.0 billion in the first quarter of 2015.  Full Article

American Express Co declares regular quarterly dividend
Monday, 24 Mar 2014 01:43pm EDT 

American Express Co:Declares regular quarterly dividend of $0.23 per common share.Payable on May 9 to shareholders of record on April 4.  Full Article

American Express Co enters into agreement to create joint venture for business travel
Monday, 17 Mar 2014 04:01pm EDT 

American Express Co:Signed an agreement to create a joint venture for its Global Business Travel division.Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares.Says in the proposed transaction, American Express will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities that currently comprise GBT, and will have a 50 pct ownership stake in the joint venture following the closing.Says in exchange for an investment of $900 million in the joint venture, the investor group will hold the remaining 50%. American Express initially announced its intention to pursue this joint venture transaction in September 2013.  Full Article

American Express Co Declares Regular Quarterly Dividend
Tuesday, 19 Nov 2013 12:30pm EST 

American Express Co announced that the board of directors of American Express Company declared a regular quarterly dividend of $0.23 per common share, payable on February 10, 2014 to shareholders of record on January 10, 2014.  Full Article

American Express Co Announces Plans To Create New Joint Venture For Business Travel
Wednesday, 25 Sep 2013 08:18am EDT 

American Express Company announced plans to create a joint venture designed to accelerate the transformation of its Global Business Travel (GBT) division. American Express is in ongoing discussions with regard to a proposed joint venture in which it would share the ownership of the joint venture with an investor group led by Certares, a firm headed by senior management with experience in the travel industry. It is expected that GBT's operations, business relationships and other assets would be held and operated by the joint venture entity. The joint venture transaction is expected to create greater investment capacity for GBT to further enhance its suite of products and services, attract new customers and grow internationally to deliver additional value to customers. As presently contemplated, American Express would maintain a 50% ownership stake in the joint venture, which would continue to operate under the American Express Global Business Travel brand, while an investor group led by Certares would own the remaining 50% interest. The investor group would invest a sum in the range of $700 million to $1 billion, which would be used by the joint venture to grow the GBT business. Subject to the execution of definitive agreements and receipt of requisite regulatory and other approvals, the transaction would be expected to close in the second quarter of 2014, at which time American Express would expect to recognize a gain.  Full Article

Fitch Rates American Express' Preferred Share Issuance 'BBB-'

(The following statement was released by the rating agency) NEW YORK, November 10 (Fitch) Fitch Ratings has assigned a rating of 'BBB-' to the $750 million in preferred stock issued by American Express Company (AXP, rated 'A+/F1' by Fitch). This preferred issuance represents approximately 1% of AXP's total risk-weighted assets at Sept. 30, 2014. AXP had previously stated that it would issue preferred shares for Basel III capital planning purposes. More specifically, the new Tier 1 ratio req

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