American Express Company (AXP): A Hidden Gem in the World of Cheap Dividend Stocks

American Express Company (NYSE:AXP) is included among the 13 Incredibly Cheap Dividend Stocks to Invest in.

American Express Company (AXP): A Hidden Gem in the World of Cheap Dividend Stocks

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American Express Company (NYSE:AXP) is one of the most well-known payment card brands, both in the US and globally. The company has built a massive customer base and operates a business that remains reliably profitable and steadily expanding.

Every Amex card benefits from the brand’s premium image. American Express Company (NYSE:AXP) reinforces this by offering some of the most attractive rewards and perks in the industry. Even its entry-level cards allow users to earn bonuses on travel, shopping, and other everyday spending. In the last five years, the company’s revenue has climbed sharply, rising from a little over $38 billion to above $74 billion. Even more impressive, net income has more than tripled during the same period, increasing from $3.1 billion to just over $10 billion.

American Express Company (NYSE:AXP) is a strong dividend company, making regular payments to shareholders for years. The company currently offers a quarterly dividend of $0.82 and has a dividend yield of 0.96%, as of September 19.

While we acknowledge the potential of AXP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AXP and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.