JPMorgan Increases Quarterly Dividend 9.1% to 48 Cents a Shareby
JPMorgan Chase & Co., the largest U.S. bank by assets, raised its quarterly dividend 9.1 percent to 48 cents a share.
The distribution is payable on July 31 to stockholders of record at the close of business July 6, the New York-based lender said Tuesday in a statement.
The bank said in March it can buy back an additional $1.88 billion in stock through June after getting clearance from the Federal Reserve. That would be on top of the $6.4 billion in buybacks approved by regulators in last year’s capital plan, the firm said in a statement at the time.