JPMorgan Chase & Co (JPM) will raise its quarterly dividend by 12.5 percent to $0.90 per share in 2019, marking the 9th consecutive year of dividend increases by the financial company.
The next JPM dividend will be paid on October 31, 2019 to shareholders of record on October 4, 2019. Based on the current stock price of $119 the new annual dividend rate of $3.60 per share yields 3.0%.
JPMorgan Chase & Co. is engaged in investment banking and financial services. The company provides services such as treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. The company´s segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management.