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Last updated: April 30. 2013 2:37PM - 691 Views
Associated Press



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(AP) American Express Co. is increasing its quarterly dividend by 15 percent.


The New York company declared a dividend of 23 cents per share. That's up 3 cents from the last quarter.


American Express will pay the dividend Aug. 9 to shareholders as of July 5.


It's the first dividend increase by the charge card company since early 2012.


It's also the second dividend increase of a component of the Dow Jones industrial average on Tuesday. Earlier, IBM said it was raising its dividend 12 percent and authorizing a $5 billion share buyback plan.


Associated Press
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