These 5 Bank Stocks Just Increased Their Dividends
We recently learned that all 23 banks that were subject to the 2021 stress tests passed with flying colors. And for the first time in the post-financial crisis era, banks have control over how much of their capital they want to use to pay dividends and buy back stock, as long as they maintain a certain level of capital.
So, it's not surprising that many big banks have recently announced planned dividend increases, and some have announced new buyback plans as well. With that in mind, here's a rundown of just how much of an increase that shareholders of five of the largest U.S. financial institutions can expect in the second half of the year.
Image source: Wells Fargo.
Source Fool.com
