Reported 29 days ago
American Express Company (NYSE:AXP) is recognized as one of the top income stocks favored by hedge funds, distinguished by its focus on affluent customers and premium services. It operates its own payment network, allowing direct lending and earning interest income, and boasts a reliable dividend history with a current yield of 1.1% and a moderate payout ratio. The company's consistent dividend growth of 12% over the last five years makes it an attractive option for long-term investors, despite some analysts suggesting other AI stocks may offer greater potential.
Source: YAHOO