Affordable Dividend Stocks Spotlight: JPMorgan Chase’s (JPM) Reliable Payouts

Core Insights - JPMorgan Chase & Co. is recognized as one of the best affordable dividend stocks to buy now, highlighting its strong financial performance and reliable dividend payouts [1][2] - The bank has announced a 7.1% increase in its quarterly dividend to $1.50 per share, reflecting its commitment to returning value to shareholders [2] - As of October 2, the stock offers a dividend yield of 1.95%, making it an attractive option for dividend investors [2] Business Overview - JPMorgan Chase is the most profitable bank among the big four in the US, leading in both market capitalization and total assets [2] - The company has diversified its business by cutting credit cards, raising auto loans, and expanding significantly in commercial and investment banking [3] - The bank is also actively investing in fintech companies and adopting new technologies, enhancing its competitive position in the financial services industry [3]