JPMorgan Chase is raising its quarterly dividend to $1.65 per share and greenlighting a new $50B common share repurchase program set to kick off in July 2026.
The move comes on the heels of a year where JPMorgan already flexed its capital muscles. In July 2025, the bank bumped its quarterly payout from $1.40 to $1.50, a 7.1% increase. It also authorized a separate $50B buyback program that same year, under which it repurchased $8.325B in shares during Q1 2026 alone.
The numbers behind the capital return machine
Moving from $1.50 to $1.65 per share represents a 10% increase quarter over quarter.
The $50B repurchase authorization is the same size as the 2025 program. During Q1 2026, the bank burned through $8.325B of its existing buyback authorization in just three months. At that pace, the full $50B program would take roughly 18 months to exhaust, though buyback timing is rarely linear.
