JPMorgan raises quarterly dividend and authorizes a $50 billion share repurchase program, signaling strong capital-return capacity.
JPMorgan Chase & Co. will increase its quarterly common stock dividend to $1.65 per share from $1.50, effective in the third quarter. The bank’s board also approved a $50 billion share repurchase program starting July 1.
The move follows regulatory approvals and reflects the bank’s robust capital position. JPMorgan’s prior dividend was $1.50 per share, with buybacks previously aligned with earnings strength and capital requirements.
The combined dividend hike and buyback program may offer tax advantages for shareholders, as repurchases allow deferred tax liability compared to immediate dividend income.