Published May 17, 2016 4:36pm EDT | Updated May 17, 2016 5:04pm EDT

JPMorgan Chase Increases Dividend To 48 Cents From 44 Cents

The board of directors of JPMorgan Chase & Co. increased the company's dividend to 48 cents a share from 44 cents a share, it said in a statement Tuesday. The dividend is payable July 31 to shareholders of record July 6. Shares of JPMorgan Chase rose 0.2% late Tuesday after ending the regular trading session flat.