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.
CEO Jamie Dimon said yesterday that investors will likely see no dividend increase coming from JP Morgan in 2010.
JP Morgan Chase has indicated that the bank will eventually increase their dividend payout to 30 – 40% of earnings.
Chief Executive Officer Jamie Dimon announced today in his annual letter to shareholders that JPM may raise its annual dividend to $.75 - $1.00 if certain conditions are met.