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JPMorgan Chase & Co plans dividend increase and $6.5 bln capital repurchase


Thursday, 27 Mar 2014 03:00am EDT 

JPMorgan Chase & Co:Intends to increase the quarterly common stock dividend to $0.40 per share, effective Q2 2014.Board has also authorized a common equity repurchase program to repurchase $6.5 bln of common equity between April 1 and March 31, 2015.This authorization includes shares repurchased to offset issuances under the Firm’s equity-based compensation plans.The common stock dividend to be paid on July 31 for share holders of record July 3. 

Company Quote

62.55
0.07 +0.11%
26 Dec 2014