JPMorgan Chase (JPM) bank announced on June 30 that it would raise its quarterly dividend to $1.05, up 5% from $1.00. JPM stock closed Friday, June 30, at $145.44, putting its dividend yield at 2.89%.
Combined with its 1.79% buyback yield, that brings the stock's total yield (dividend yield + buyback yield) to shareholders and investors to 4.68%. Last quarter JPMorgan restarted its share buybacks and spent $1.9 billion on a net issuance basis.
