Keep JPMorgan Stock on Your Radar on Dividend Hike Announcement

JPMorgan (JPM) has announced an increase in its quarterly dividend. The company declared a dividend of $1.25 per share, which marks an 8.7% rise from the prior payout. It will be paid out on Oct. 31, 2024 to shareholders of record as of Oct. 4. The hike is in line with JPMorgan’s previous announcement to hike its dividend after the clearance of the 2024 stress test.Similarly to JPM, State Street (STT) and PNC Financial Services (PNC) raised their quarterly dividends as they cleared this year’s stress test. ...