J P Morgan Chase and Co (JPM) has announced its second dividend increase of the year. The previous raise of 2 cents has been tripled to 6 cents this time around. Since my purchase of JPM for the nonPension portfolio, there have been three raises so far.
With the most recent increase of 12%, previous increases, and dividend reinvestment, the next dividend payment will be 32% higher than the first one I received in the spring of 2016. As the dividend has gone up, so too has the value of the shares of JPM.
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