5 Dow Jones Dividend Stocks With Over 1% Yield

In this article, we discuss 5 Dow Jones dividend stocks with over 1% yield. If you want to read our detailed analysis of dividend investment and past performance of dividend stocks as well as the risk/reward and methodology of this list, go directly to read 10 Dow Jones Dividend Stocks With Over 1% Yield.

5. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 67
Dividend Yield as of September 18: 1.36%

American Express Company (NYSE:AXP) is a New York-based company that specializes in payment card services. In July, RBC Capital raised its price target on the stock to $180 with a Sector Perform rating on the shares, as the company’s underlying billings activity remained strong and above pre-pandemic levels.

In Q2 2022, American Express Company (NYSE:AXP) reported revenue of $13.4 billion, presenting a 30.9% year-over-year growth. The company also reported record card spending driven by robust travel and entertainment rebound after the pandemic. Its operating cash flow for the quarter came in at $4.2 billion, up from $3.8 billion in the previous quarter. The company’s free cash flow also grew to $3.8 billion, from $3.4 billion in the previous quarter.

American Express Company (NYSE:AXP) has been making uninterrupted dividend payments for the past 30 years, coming through as one of the most prominent Dow Jones dividend stocks. It currently pays a quarterly dividend of $0.52 per share, with a dividend yield of 1.36%, as of September 18.

At the end of June 2022, 67 hedge funds in Insider Monkey’s database owned stakes in American Express Company (NYSE:AXP), compared with 69 in the preceding quarter. These stakes hold a total value of over $25.2 billion. With a position worth more than $21 billion, Berkshire Hathaway was the company’s leading stakeholder in Q2.