Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount... see more

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North American Financial 15 Split Corp > US largest banks increase dividends: Barrons

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Post by kurtwalter on Jun 27, 2024 11:41am

US largest banks increase dividends: Barrons

Some of the largest banks in the nation announced plans to raise dividends after passing the Federal Reserve’s annual stress test earlier this week.

The Fed wanted banks to wait at least two days after the stress tests to unveil capital plans. After markets closed on Friday, JPMorgan Chase (ticker: JPM) said it would raise its quarterly payout to $1.05 a share, up from $1. Morgan Stanley (MS) increased its dividend to 85 cents from 77.5 cents. Wells Fargo (WFC) raised its payout by 5 cents to 35 cents. Goldman Sachs (GS) boosted its quarterly dividend to $2.75 a share from $2.50. Citigroup (C) lifted its payout by 2 cents to 53 cents. Bank of America (BAC) made no announcement Friday on whether it would be increasing its dividend. The bank pays a quarterly dividend of 22 cents.