Investment Banking

JPMorgan to hike dividend after notching record profit

JPMorgan said it was raising its dividend, its second increase in a year

JPMorgan to hike dividend after notching record profit
Photo: Paul Yeung/Getty Images

JPMorgan Chase said 19 March it would hike its quarterly dividend by 9.5%, its second raise in the past year after notching a record profit for 2023.

The bank said its board approved a quarterly dividend of $1.15 a share, up from $1.05 a share. JPMorgan last raised its dividend in October, to $1.05 a share from $1.

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