JPMorgan to Boost Dividend in Second Quarter (JPM)

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Jamie Dimon, CEO of Banking giant JPMorgan Chase & Co. ( JPM ), late Tuesday said in a television interview on CNBC that the company will raise its dividend payout in the second quarter.

Dimon also said during a speech at a healthcare conference in San Francisco that the company would like to realize a dividend payout ratio of 35% of normalized earnings.

JPMorgan shares rose 67 cents, or +1.5%, in premarket trading Wednesday.


The Bottom Line
We began recommending shares of JP Morgan ( JPM ) back on Dec.22, when the stock was trading at $41.00. The company has a .46% dividend yield, based on last night's closing stock price of $43.60.

JPMorgan Chase & Co. ( JPM ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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