- By Julie Young
JPMorgan (JPM) has increased its quarterly dividend to 50 cents from 48 cents. The dividend has an ex-dividend date of April 4. With the dividend the stock now has a forward dividend yield of 2.30%.
Year to date JPMorgan has a return of 0.86%. Its 12-month return is 46.32%, and its three-year return is 44.64%. It has benefited from a positive outlook on regulations for the banking industry and increasing Federal Reserve interest rates. Momentum has slowed recently with uncertainty around the Trump administration's new policy proposals for financial services following a lack of support for health care reform.
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- earnings report on Jan. 13, the company released financial details on its fourth quarter and full year of 2016. Fourth-quarter revenue was $24.3 billion, beating estimates by $380 million and increasing 2.4% from the comparable quarter. Earnings per share for the quarter were $1.71, beating estimates by 27 cents and increasing by 27%.