AmEx is mailing cash to preferred holders

Cash is king, even in preferred-land

American Express said its board approved a quarterly dividend on the company’s 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The payout works out to $9.07222 per depositary share, which is the kind of number that makes you squint once, then nod like you’re reading airline mileage math.

Why investors should care

This isn’t the sort of headline that sends traders sprinting for the exits or the buy button. It’s a capital-return update, plain and simple. But for income-focused investors, it signals that AmEx is still doing what large, mature financial companies are supposed to do: generate cash, support preferred holders, and keep the balance sheet grown-up.

The dividend is payable on June 15, 2026 to shareholders of record on June 1, 2026, so if you’re holding the preferreds, mark your calendar and enjoy the low-drama paycheck.

Big picture

For common shareholders, this is mostly background noise. For preferred holders, it’s the financial equivalent of the lights staying on and the rent getting paid. Not flashy, but very on brand for a company that wants to be seen as premium, steady, and cash-generating.