5 High Free Cash Flow Dividend Stocks

4. American Express Company (NYSE:AXP)

Free Cash Flow Yield: 11.2%
Dividend Yield as of August 1: 1.35%

American Express Company (NYSE:AXP) is a New York-based credit card service company that also provides travel-related offerings to consumers.

In Q2 2022, American Express Company (NYSE:AXP) reported an operating cash flow of over $4.2 billion, up from $3.8 billion in the previous quarter. The company’s free cash flow also grew to $over $3.8 billion, from $3.4 billion recorded at the end of March. Its free cash flow yield stood at 11.2%. American Express Company (NYSE:AXP) has a very strong dividend history, offering regular payouts to shareholders for the past 30 years. It currently pays a quarterly dividend of $0.52 per share, with a dividend yield of 1.35%, as of August 1.

As per Insider Monkey’s Q1 2022 database, 69 hedge funds owned stakes in American Express Company (NYSE:AXP), up from 64 in the previous quarter. The collective value of these stakes is over $33 billion, compared with $29 billion worth of stakes owned by hedge funds in the previous quarter.