In a move that signals the federal government is once again
relaxing its capital requirements for U.S. banks, multiple major
banking stocks raised their dividend payouts today and announced
- Wells Fargo (
) announced a special dividend of 7 cents per share in addition
to previously-scheduled 5-cent dividend (total first quarter
dividends of 12 cents per share). Also announced a $200 million
share buyback plan.
- BB&T (
) boosted its quarterly dividend from 15 cents to 16 cents per
share and announced a special 1 cent dividend.
- JPMorgan (
) raised its quarterly dividend to 25 cents per share and
announced a $15 billion share buyback.
- US Bancorp (
) raised its dividend by 150% to 12.5 cents per share and
announced it would buy back 50 million of its own shares.
- State Street (
) boosted its quarterly dividend to 18 cents per share from a
previous 1 penny per share. Also announced a $675 million share
buyback for 2011.
None of the dividend stocks mentioned in this article have a
high enough Dividend.com DARS™ Rating to qualify for our
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