American Express (NYSE: AXP) is one of the largest financial institutions in the United States and like most large banks, pays a quarterly dividend. While its dividend yield of about 1.2%, as of this writing, doesn't exactly make it a "high dividend" stock, you might be surprised at how much money the company sends to its shareholders each year.

Let's start with the short answer. There are 710,910,000 shares of American Express outstanding, as of this writing. Each of these shares entitles investors to a dividend of $2.80 per year. Based on this information, American Express is set to pay out $1.99 billion in dividends in 2024.

The share count could certainly change a bit, as American Express typically buys back some of its own stock each year. But this should be a good estimate.

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Source Fool.com