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Wednesday, March 20, 2024

JPMorgan Chase Dividend Increase

JPMorgan Chase (JPM) increased its quarterly dividend by 9.52%, from $1.05 to $1.15 per share.

The dividend will be paid on 30 April to shareholders of record on 5 April. The ex-dividend date is 4 April.

JPM's contribution to DivGro's projected annual dividend income will increase by $40 to $460.

I own 100 shares of JPM at an average cost basis of $120.00 per share. Following this increase, my yield on cost is 3.83%. (JPM's forward yield is 2.36% at $195.09 per share). 

Since I opened my JPM position in May 2022, the stock has produced annualized total returns of 37.9%, including $820 in dividend income. 

5-Year History of Dividend Payouts by Ex-Date
2019 2020 2021 2022 2023 2024
$3.300 $3.600 $3.700 $4.000 $4.050 $4.500
33.06% 9.09% 2.78% 8.11% 1.25% 11.11%
5-year DGR: 10.31% 6.40%
projected, assuming no further changes

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