JPMorgan Chase boosts dividend 10% to $1.65, authorizes $50B buyback

JPMorgan Chase plans to raise its quarterly dividend 10% to $1.65 a share and authorized a new $50 billion share repurchase program, the bank said Wednesday.

"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," Chairman and 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 quarterly dividend of $1.65 a share, up from $1.50, is subject to Board approval at the customary declaration time for the third quarter. The $50 billion buyback authorization takes effect July 1, with actual repurchases at management's discretion based on market conditions and capital needs.

JPMorgan's Stress Capital Buffer remains at 2.5% through September 2027, keeping its Standardized Common Equity Tier 1 capital ratio requirement at 11.5%. The bank reported $4.9 trillion in assets and $364 billion in stockholders' equity as of March 31, giving it ample room under regulatory constraints to return capital to shareholders.

The 10% dividend increase and $50 billion buyback signal management's confidence in the bank's earnings power and capital position. Investors will watch for the Board's formal dividend declaration ahead of the third-quarter payout and any updates on buyback execution during the bank's next earnings call.

This article is for informational purposes only and does not constitute investment advice.