Several Major Bankers Boost Dividends at Once (WFC, USB, JPM, BBT, STT)

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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 share buybacks.

  • Wells Fargo ( WFC ) 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 ( BBT ) boosted its quarterly dividend from 15 cents to 16 cents per share and announced a special 1 cent dividend.
  • JPMorgan ( JPM ) raised its quarterly dividend to 25 cents per share and announced a $15 billion share buyback.
  • US Bancorp ( UBS ) 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 ( STT ) 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 "Recommended" list.

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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This article appears in: Investing , Stocks

Referenced Stocks: JPM , STT , USB , WFC

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