Image Source: PixabayOn 28 June, JPMorgan Chase (JPM) announced plans to increase its quarterly dividend by 8.7%, from $1.15 to $1.25 per share.The new dividend will be paid in the third quarter of 2024, pending board approval. JPM’s contribution to DivGro’s projected annual dividend income will increase by $30 to $375.I own 75 shares of JPM at an average cost basis of $120.00 per share. Following this increase, my yield on cost is 4.17%. (UNH’s forward yield is 2.47% at $202.26 per share). Since I opened my JPM position in May 2022, the stock has produced annualized total returns of 36%, including $730 in dividend income. 5-Year History of Dividend Payouts by Ex-Date
✝projected, assuming no further changesMore By This Author:Realty Income Dividend Increase – Saturday, June 15
Main Street Capital Dividend Increase
PACCAR Dividend Increase
