The dividend increase has been a long time in coming, but will lift the current dividend yield on JPM stock to 2.2%.
Here are 5 dividend stocks that investors are watching in 2011.
The Federal Reserve may soon allow some of the top bank stocks to raise their dividends.
A recent Barron’s report suggested that JP Morgan Chase could boost their dividend next year by as much as 45 percent.
Bank of America CEO Brian Moynihan was recently asked at a Sanford Bernstein analyst conference how large of a dividend increase should investors expect.
JP Morgan Chase has indicated that the bank will eventually increase their dividend payout to 30 – 40% of earnings.
We likely will not see any dividend increases from financial stocks until at least the second half of this year and probably not until 2011.