JP MORGAN CHASE-JPMorgan (JPM) Hikes Dividend After Record Profit in 2023

JPMorgan (JPM) has raised its quarterly dividend for the second time in the past year. The country’s biggest lender has announced a dividend of $1.15 per share, marking a 9.5% increase from the prior payout. The dividend will be paid out on Apr 30 to shareholders on record as of Apr 5.Last year, following the clearance of the 2023 stress test, JPM increased its quarterly dividend by 5% to$ 1.05 per share. This followed no change in dividend payout in 2022.Based on the last day’s closing price of $193.79, th ...