JPMorgan Chase is increasing its quarterly dividend and getting a new stock buyback authorization after passing the Federal Reserve's annual stress test.
The bank said its board had authorized a new share repurchase program of $50 billion, effective July 1.
It also said the board plans to increase the bank's quarterly dividend by 10% to $1.65 a share, up from $1.50 a share.
The new payout, equal to $6.60 a year, represents a 2% annual yield based on the company's Wednesday closing price of $333.45.
The announcement comes after the Federal Reserve found that the bank and its Wall Street peers are positioned to handle major economic shocks following its annual stress tests. JPMorgan said its stress capital buffer requirement of 2.5% will remain unchanged through September 2027 following the tests.
"Our fortress balance sheet, with significant excess capital and robust liquidity, enables us to be a pillar of strength, allowing us to consistently serve our clients and communities," Chief Executive Officer Jamie Dimon said.
"The board's intended dividend increase is supported by our consistent investment in our business and strong financial performance. The new share repurchase program provides us with the flexibility to deploy capital in ways that enhance shareholder value over time," Dimon added.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
June 24, 2026 16:37 ET (20:37 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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