Bloomberg News

JPMorgan Boosts Dividend, Unveils Buyback

March 13, 2012

JPMorgan Chase & Co. (JPM) said it boosted its common stock quarterly dividend by 5 cents to 30 cents a share.

The lender also authorized a new $15 billion stock buyback program, of which up to $12 billion is approved for this year and up to an additional $3 billion is approved through the end of the first quarter of 2013. JPMorgan said the Federal Reserve raised no objections to the proposed capital distributions.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net


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