JPMorgan Chase Hikes Dividend
The Board of Directors of JPMorgan Chase & Co. (NYSE: JPM – $93.88) declared a quarterly dividend of $0.56 per share, a 12% increase from the prior quarterly dividend of $.50 per share. The new annualized rate for shareholders is now $2.24 and equal to 2.4% at current levels. The fourth quarter dividend – the second increase this year – is payable on October 31, 2017, to stockholders of record at the close of business on October 6, 2017. Shares of JPM can continue to be held in a well-diversified aggressive account for decent long-term total returns.