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On 28 June, JPMorgan Chase (JPM) announced plans to increase its quarterly dividend by 8.7%, from $1.15 to $1.25 per share.
The new dividend will be paid in the third quarter of 2024, pending board approval.
JPM's contribution to DivGro's projected annual dividend income will increase by $30 to $375.
I own 75 shares of JPM at an average cost basis of $120.00 per share. Following this increase, my yield on cost is 4.17%. (UNH's forward yield is 2.47% at $202.26 per share).
Since I opened my JPM position in May 2022, the stock has produced annualized total returns of 36%, including $730 in dividend income.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $3.30 | $3.60 | $3.70 | $4.00 | $4.05 | ⬆ | $4.60✝ |
| 33.06% | 9.09% | 2.78% | 8.11% | 1.25% | ⬆ | 13.58% |
| 5-year DGR: | 10.31% | ⬇ | 6.87% |
✝projected, assuming no further changes
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