These 2 Financial Stocks Just Raised Their Dividends
Within a space of two weeks, a pair of the most powerful American financial companies upped their shareholder payouts. These weren't token raises, either, with the more-modest raiser of the two hiking its dividend by almost 10%.
There's nothing like getting passively richer from one of our investments. Here's a closer look at the latest dividend raises from finance sector powerhouses JPMorgan Chase (NYSE: JPM) and American Express (NYSE: AXP).
JPMorgan Chase, one of the so-called big four U.S. banks, is a bedrock of the U.S. economy. It's a bedrock for some income investors, too, with a habit of dividend raises stretching back nearly 15 years and an above-average yield on its payout.
Source Fool.com
JPMorgan Chase & Co. Stock
€305.55
0.410%
The stock is one of the favorites of our community with 49 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 302 € is below the current price of 305.55 € for JPMorgan Chase & Co., so the potential is actually -1.16%.
