From Nasdaq:

American Express (AXP) announced a 16.7% increase in its dividend to 70 cents per share from 60 cents, payable on May 10, 2024. The company has been paying dividends for over three decades and aims to maintain a 20-25% payout ratio. AXP ended 2023 with a common equity tier 1 capital ratio of 10.5%. Shares of AXP have risen 24.6% in the past year compared to the industry’s 10.6% increase.

In 2023, American Express repurchased 21.6 million shares worth $3.5 billion and paid dividends totaling $1.8 billion. This represented 62% of the capital generated, reflecting strong capital deployment. AXP’s cash and cash equivalents grew 38% year-over-year to close the year at a solid level. The company remains focused on both returning wealth to shareholders and meeting capital requirements.

Cboe Global Markets (CBOE) has a trailing four-quarter earnings surprise average of 4.1% and a projected 6.4% rise in 2024. Coinbase Global (COIN) has consistently beaten earnings estimates, with a 173% year-over-year increase projected for 2024. Assurant, Inc. (AIZ) anticipates a 3.4% growth in 2024 EPS, having surpassed earnings expectations in the last four quarters. These finance sector companies show promising growth projections and financial performances.

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Read more at Nasdaq: AmEx (AXP) Rewards Shareholders With a 16.7% Dividend Hike