5 Best Dividend Stocks For Rising Interest Rates

3. JPMorgan Chase & Co. (NYSE:JPM)

Dividend Yield as of January 19: 2.99%

JPMorgan Chase & Co. (NYSE:JPM) is another financial services company that makes it to our list of the best dividend stocks for rising interest rates. In the fourth quarter of 2022, the company reported a 48% year-over-year growth in its net interest income at $20.3 billion, which was driven by high-interest rates. Its average loans also showed a 6% growth from the same period last year.

Following the company’s recent quarterly earnings, Citigroup raised its price target on JPMorgan Chase & Co. (NYSE:JPM) in January to $165 with a Buy rating on the shares.

On December 13, JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend of $1.00 per share, which fell in line with its previous dividend. As of January 19, the stock has a dividend yield of 2.99%.

At the end of Q3 2022, 110 hedge funds in Insider Monkey’s database owned stakes in JPMorgan Chase & Co. (NYSE:JPM), up from 104 in the previous quarter. These stakes have a total value of over $6.4 billion. With over 7.8 million shares, Fisher Asset Management was the company’s leading stakeholder in Q3.