JPMorgan Chase raised its quarterly dividend to $1.65 per share on September 15, 2026, a 10 percent increase from the previous $1.50 payout. The raise lifts the annualized dividend to $6.60 per share, continuing a payout that has grown more than thirtyfold since 2010.
The setup
The increase continues a pattern of annual raises built on strong capital generation. JPMorgan paid $4.60 per share in dividends during 2024 and $5.55 in 2025. The new annualized rate of $6.60 sits roughly 19 percent above everything the bank paid out last year. At the September 21 closing price of $352.04, the forward yield works out to about 1.9 percent.
Key numbers for dividend investors
| Metric | Value |
|---|---|
| New quarterly dividend | $1.65 per share |
| Previous quarterly dividend | $1.50 per share |
| Increase | 10 percent |
| Annualized payout | $6.60 per share |
| Payable date | October 31, 2026 |
| Record date | October 6, 2026 |
| Forward yield | About 1.9 percent at $352.04 |
Two decades of payout growth
The longer arc matters more than any single raise. JPMorgan’s quarterly payout has climbed from $0.05 per share in 2010 to $1.65 today, a more than thirtyfold increase over fifteen years. Few money-center banks can match that trajectory.
| Period | Dividend |
|---|---|
| 2010 quarterly payout | $0.05 per share |
| 2024 full-year total | $4.60 per share |
| 2025 full-year total | $5.55 per share |
| 2026 new annualized rate | $6.60 per share |
Dollar impact for income portfolios
At $352.04, a $100,000 position buys roughly 284 shares and generates about $1,875 in annual dividend income at the new rate. A retiree holding 1,000 shares now collects $6,600 a year, up from $6,000 at the old rate. The gap between those two figures, $600 a year per 1,000 shares, is what a 10 percent raise actually delivers.
What to watch
Shareholders must own stock before the October 6 record date to receive the October 31 payment. The Federal Reserve raised interest rates by 25 basis points earlier this month, a shift that typically supports bank net interest income. Watch third-quarter results in mid-October for confirmation that credit costs stay contained while lending margins hold. Income buyers should also compare this payout against Treasury yields above 5 percent before committing new capital.
Risks before adding shares
The raise is not risk-free. The Federal Reserve lifted rates by 25 basis points earlier this month, and officials have signaled more hikes could follow if inflation does not moderate. Higher rates support bank net interest income, but they also raise the odds of credit losses in corporate loan books and commercial real estate.
- Watch third-quarter loan loss provisions when results arrive in mid-October.
- Compare the 1.9 percent forward yield against the 10-year Treasury before adding shares.
- Track the payout against earnings through the rest of 2026 to confirm the raise stays covered.
Income buyers who bought bank shares for the dividend alone have watched payouts pause before. The 2020 cuts at every major bank remain the cautionary example, even for an institution this strong.
Bottom line
JPMorgan’s raise signals confidence, but the yield alone will not carry an income plan. The 10-year Treasury still out-pays this dividend by a wide margin. Investors buying JPMorgan are purchasing payout growth and balance sheet strength, not current income, and the distinction matters for anyone depending on withdrawals.
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