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.

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