Based on a quarterly payout of $0.30, the shares have a dividend yield of 2.35%.
Most analysts expected JPMorgan to make a much smaller request for buyback approvals than the bank did during the 2012 stress test process, when it was approved to buy back $15 billion in shares through the first quarter of 2013. The buyback program was suspended last May, when JPMorgan CEO James Dimon first announced the hedge trading losses that the company later said totaled over $6 billion.
After the Fed's announcement, JPMorgan said in a press release that it would increase the dividend to $0.38 a share, in the second quarter, and would repurchase up to $6.0 billion in shares, through the first quarter of 2014.
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