Is AXP's dividend safe?

American Express presents a highly secure dividend profile. Free cash flow has consistently dwarfed total dividends paid, leaving substantial room for continued growth even as the payout has been raised steadily and meaningfully over the past several years. Revenue and earnings have compounded strongly, and the most recent quarterly results show continued beats against estimates. The balance sheet carries meaningful debt, but cash holdings are substantial and equity has grown each year. The affluent-skewing customer base provides some insulation against a broader consumer slowdown, though that remains the primary macro risk to monitor.

We track 67 dividend stocks in Financial Services. AXP ranks 6 of 67 in safety.