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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Bocor who wrote (11312)	4/12/2013 9:04:18 AM
From: Triffin	Respond to of 34328

JPM announces intention to boost dividend by 26% ===== JPMorgan Chase & Co. ( JPM) today reported record net income of $6.5 billion for the first quarter of 2013, compared with net income of $4.9 billion in the first quarter of 2012. Earnings per share were a record $1.59, compared with $1.19 in the first quarter of 2012. Revenue1 for the quarter was $25.8 billion, compared with $26.8 billion in the prior year. The Firm’s return on tangible common equity1 for the first quarter of 2013 was 17%, compared with 15% in the prior year. As previously announced, the Board of Directors intends to increase the second-quarter common stock dividend to $0.38 per share3 from the current $0.30 per share, returning the dividend to its highest level. The Board has also authorized the Firm to repurchase $6 billion of common equity commencing with the second quarter of this year through the end of the first quarter of 2014. During the first quarter of 2013, the Firm repurchased $2.6 billion of common equity. The Federal Reserve asked the Firm to submit by the end of the third quarter an additional capital plan addressing the weaknesses it identified in the Firm’s capital planning processes. The Firm is dramatically increasing the resources deployed and intends to fully address their requirements. Following their review, the Federal Reserve may require the Firm to modify its capital distributions ===== Triff ..