JP MORGAN CHASE-JPMorgan Announces a 12% Increase in Quarterly Dividend

Core Points - JPMorgan has announced a quarterly dividend increase to $1.40 per share, representing a 12% rise from the previous payout [1] - The company has increased its dividend payout four times in the past five years, with a five-year annualized dividend growth rate of 6.03% [2] - JPMorgan's current payout ratio is 27% of its earnings, and it has an annual dividend yield of 2.38% based on a closing price of$ 234.97 [2] Capital Distribution Activities - JPMorgan has a share repurchase program authorized for $30 billion, with nearly$ 19 billion remaining as of December 31, 2024 [3] - The company is expected to sustain its capital distributions due to a strong balance sheet and earnings strength, enhancing shareholder value [5] Financial Position - As of December 31, 2024, JPMorgan's total debt was $750.1 billion, primarily long-term, with cash and deposits amounting to$ 469.3 billion [4] - The company maintains strong long-term issuer ratings of A-/AA-/A1 from major rating agencies [4] Stock Performance - JPMorgan shares have increased by 11.3% over the past six months, underperforming the industry growth of 12.6% [6] - The company currently holds a Zacks Rank 3 (Hold) [7] Dividend Announcements by Other Banks - Capital City Bank Group announced a quarterly cash dividend of 24 cents per share, a 4.4% increase from the previous payout [8] - Red River Bancshares declared a quarterly cash dividend of 12 cents per share, indicating a 33.3% hike compared to the preceding payout [10]