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JPMorgan announces 12 percent dividend increase and share repurchase plan
JPMorgan has announced a 12% increase in its quarterly dividend, raising it to $1.40 per share, payable on April 30, 2025. This follows an 8.7% hike to $1.25 in September 2024, marking the fourth increase in five years, with a current payout ratio of 27% and an annual dividend yield of 2.38%. The company also has a $30 billion share repurchase program and maintains strong credit ratings, supporting its capital distribution strategy.
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