JPMorgan Chase & Co. (NYSE:JPM) is one of the 10 Best Non-Tech Stocks to Buy and Hold For 3 Years. On July 1, JPMorgan Chase & Co. announced plans to increase dividends and also authorized a new common share repurchase program.
The company announced that its Board of Directors intends to increase the quarterly common stock dividend from $1.40 to $1.50. The increase is subject to the approval of the board at the customary times of dividend declaration. The company has a forward dividend yield of 1.89% and has growth dividends at a growth rate of 8.04% during the past 5 years. Moreover, JPMorgan Chase & Co. also authorized a new common share repurchase program of $50 billion.
A group of business people discussing plans around a boardroom table adorned with a financial services company logo.
JPMorgan Chase & Co. is a global financial services firm that provides a wide range of banking and investment services. It operates through segments including Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management.
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This article is originally published at Insider Monkey.
