Poor Bank of America is watching its stock price drop fast and they have no real dividend to help prop up their share price.
Mad Money host Jim Cramer believes that bank stocks have become public enemy number one and are now being treated like tobacco stocks were in past years.
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.
Dividend investors will be interested to know that RBC is forecasting a significant dividend increase by the second quarter of 2011.
At the midpoint of this year it seems a good opportunity to review the biggest dividend stories of 2010.
CEO Jamie Dimon said yesterday that investors will likely see no dividend increase coming from JP Morgan in 2010.
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.
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.
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.