“American Express Prepares for Second-Quarter Earnings Report Amidst Dividend Yield Speculations”

American Express Company (AXP) is gearing up to announce its second-quarter financial results on Friday, July 19. Analysts predict earnings per share at $3.25, a jump from $2.89 in the same period last year. Revenue is expected to hit $16.59 billion, up from $15.05 billion in 2018, according to data from Benzinga Pro. With a current dividend yield of 1.12%, some investors are eyeing the potential of earning regular income from American Express.

To rake in $500 per month or $6,000 annually from American Express dividends alone, investors would need an investment of about $535,664 or around 2,143 shares. For a more modest $100 per month or $1,200 per year, an investment of $107,233 or around 429 shares would be needed. The dividend yield is calculated by dividing the annual dividend payment by the stock price, reflecting potential income changes based on fluctuations in either the dividend or stock price.

American Express stock saw a slight increase of 0.1% to close at $249.96 on Wednesday. Investors and experts are keeping a close watch on the company’s upcoming earnings report for potential market impacts. With the dividend yield being a key factor for income investors, the fluctuating nature of both dividends and stock prices could affect expected payouts for shareholders.