Will American Express Company Raise Its Dividend in 2017?

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American Express (NYSE: AXP) had a decent history of raising its dividend on a fairly regular basis, but that history was interrupted by last decade's financial crisis. Earlier this summer, American Express indicated that it expects to increase its dividend by 10% for its third-quarter payment of 2016, raising its payout to $0.32 per share per quarter. It also increased its dividend in 2012, 2013, 2014, and 2015., but prior to 2012, you have to look back to its first payment of 2008 for a hike.

With a history like that, American Express clearly tries to increase its dividend on a fairly regular basis. Still, for shareholders looking for dividend growth to keep pace with inflation, what really matters is whether it will be able to succeed in increasing that payment. While of course nobody knows what will happen until the company makes its decision, the three key factors discussed below provide some strong clues.

Is American Express retaining enough of its earnings to build its business?

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