JPMorgan Chase & Co. (NYSE:JPM) is included among the 11 Best Affordable Dividend Stocks to Buy Now.
Image by Steve Buissinne from Pixabay
JPMorgan Chase & Co. is the most profitable bank out of the big four in the US and is ranked first by both market capitalization and total assets in the whole country. The company announced on September 17 a 7.1% increase in its quarterly dividend to $1.50 per share. It has been giving dividends to shareholders regularly for many years. As of October 2, the stock offers a 1.95% dividend yield. JPM is one of the best dividend stocks to invest in.
JPMorgan Chase & Co. business is nearly as detailed as it cuts credit cards, raises auto loans, and in the last few years has grown considerably across commercial and investment banking. Besides, the bank has been very energetic in new technology adoption and has made a lot of fintech (financial technology) company investments.
In addition to the huge Chase consumer banking unit, JPMorgan Chase & Co. is also one of the largest investment banks in the country.
READ NEXT: 12 Best REIT Dividend Stocks to Buy Now and 10 Highest Dividend-Paying Stocks to Buy in the S&P 500.
