JPMorgan Raises its Dividend: A Look at Yield, Capital, and Shareholder Returns
Source: Insider Monkey ·
JPMorgan Chase & Co. (NYSE:JPM)’s latest dividend increase gives shareholders another reason to focus on the bank’s ability to return capital while maintaining a strong balance sheet. On September 15, the bank declared a quarterly dividend of $1.65 per share, up from $1.50 previously. The new dividend is payable on October 31 to shareholders of […]
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JPMorgan Chase & Co. (NYSE: JPM )'s latest dividend increase gives shareholders another reason to focus on the bank's ability to return capital while maintaining a strong balance sheet. On September 15, the bank declared a quarterly dividend of $1.65 per share, up from $1.50 previously. The new dividend is payable on October 31 to shareholders of record as of October 6. At the new rate, JPMorgan's annualized dividend is $6.60 per share. Based on the September 21 closing price of $352.04, that translates to a forward yield of about 1.9%. The yield is not particularly high for an income-focused investor, but the appeal is more about dividend growth and the bank's capacity to keep returning capital over time. Dividend Growth and Buybacks Highlight JPMorgan's Capital Strength The dividend increase is supported by JPMorgan Chase & Co. (NYSE:JPM)'s strong capital position. In the second quarter, the bank reported $21.2 billion in net income and generated $37.1 billion of net income…