These 5 Dow Stocks Will Boost Their Dividends Soon

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1. American Express Company (NYSE:AXP)

Expected Month for Dividend Increase: March 2024

American Express Company (NYSE:AXP) is a global financial services corporation primarily known for its charge card, credit card, and traveler’s cheque services. It tops our list of the Dow stocks that will boost their dividends soon. The company offers a quarterly dividend of $0.60 per share and has a dividend yield of 1.27%, as of January 5. In the last two years, the company increased its dividends in March and is likely to do the same this March.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 74 funds owned stakes in American Express Company (NYSE:AXP), compared with 73 in the preceding quarter. These stakes are worth over $25.6 billion in total.

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You can also take a look at 12 Best Tech Stocks To Buy According to Billionaire Ken Griffin and 11 Cheap Pot Stocks to Buy

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