JPMorgan Chase & Co. (NYSE:JPM) disclosed on Tuesday that its Board of Directors set up an increase of its quarterly dividend to $1.15 per, which will be paid to stockholders next April 5 when the trading operations finish.

This raise signified a 9.5% jump from the prior quarterly dividend of $1.05 per share and may signal confidence in its financial solidity.

The US financial institution remarked that its assets reached $3.9 trillion and $328 billion in stockholders’ equity on December 31, 2023.