Research cutoff: September 13, 2026 for other company facts; dividend declaration checked through September 16, 2026. Dollar amounts are USD per common share unless stated otherwise. This guide separates declared payments, calculations and unannounced future decisions.
JPMorgan paid three listed 2026 common dividends at $1.50 per share and declared a fourth at $1.65 on September 15, 2026. The new dividend is payable October 31 to holders of record October 6. It is declared but not yet paid; all 2027 amounts remain conditional scenarios.
The declared 2026 payment record
The December 9 declaration, March 17 declaration, May 18 declaration and September 15 increased-dividend declaration support the ledger below. January’s company payment date is January 31; broker posting can differ from an issuer’s payable date. Do not substitute an estimated processing date for the company record.
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| Declaration | Record date | Payable date | Per share |
|---|---|---|---|
| December 9, 2025 | January 6, 2026 | January 31, 2026 | $1.50 |
| March 17, 2026 | April 6, 2026 | April 30, 2026 | $1.50 |
| May 18, 2026 | July 6, 2026 | July 31, 2026 | $1.50 |
| September 15, 2026 | October 6, 2026 | October 31, 2026 | $1.65 |
The four listed 2026 payment-date distributions sum to $6.15 per share, or $615 gross for 100 shares that qualify for every payment. The first three have been paid; the $1.65 distribution remains declared and payable October 31. Common-stock dividends should not be mixed with preferred-stock distributions or payments by investment funds carrying the J.P.Morgan name.
What the declared $1.65 increase does and does not mean
The June 24 capital-return notice described an intended increase, and the September 15 board declaration converted that proposal into a declared $1.65 common dividend. The payment is scheduled for October 31, subject to record-date eligibility. That declaration does not establish a fixed 2027 payment calendar.
The increase from $1.50 to $1.65 is 10%: ($1.65 − $1.50) ÷ $1.50. The four listed 2026 payment dates total $6.15 because three payments were $1.50 and the fourth is $1.65. By contrast, $6.60 annualizes four payments at the latest rate and is useful only as a forward scenario.
Translate board decisions into 2027 cash scenarios
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| Payment assumptions | Per share total | 100 eligible shares |
|---|---|---|
| Four at the latest declared rate of $1.65 | $6.60 | $660 |
| Three at $1.65, final at hypothetical $1.75 | $6.70 | $670 |
| Four at hypothetical lower $1.35 | $5.40 | $540 |
These rows are calculations, not guidance, consensus estimates or assigned probabilities. The first row assumes the latest declared rate is maintained for four separate 2027 declarations. The higher and lower rows introduce purely hypothetical rates. Exact 2027 dates remain unconfirmed in this guide. Changes to holdings, eligibility, currency conversion and withholding alter investor cash.
Why bank dividends require a capital analysis
Our bank-specific framework starts with recurring earnings and losses through a credit cycle, then asks whether capital remains comfortably above the applicable requirements. A bank cannot be assessed by subtracting factory spending from operating cash flow as if it were a software business. Deposits, lending and securities balances are integral to operations; regulatory capital and liquidity need their own review.
For JPMorgan, separate operating performance across lending, payments, markets and asset management from unusual gains. A quarter with unusually strong earnings can make a payout ratio look low without proving that every future quarter supports the same distributions. Consider dividends and actual buybacks together when evaluating capital returned. An authorization describes flexibility, not a spending requirement.
JPM stock splits and “bonus stock” terminology
The official split-history page distinguishes predecessor companies. It lists a 3-for-2 Chase Manhattan split with a June 12, 2000 ex-date and separately records Bank One stock dividends. Those historical lineages should not be treated as a newly announced JPMorgan bonus issue for 2026 or 2027. No new ratio or date is confirmed here.
A 3-for-2 illustration changes 100 shares into 150 and reduces the theoretical per-share value to two-thirds, leaving the initial economic position unchanged. It does not add 50% investment return. Maintain split-adjusted per-share records and verify which legal entity and security a historical event actually concerns.
Frequently asked questions
Is JPM’s 2027 dividend already $6.60?
No. That is four times the latest declared quarterly rate. Each 2027 distribution still requires a future board declaration.
Why not use a forecast ex-date?
An estimated calendar date is not an entitlement notice. Use the issuer and broker corporate-action records.
Continue your research
Read our JPMorgan business and earnings research for the wider business context, or compare our September dividend research. A dividend is one part of total return, not protection against a fall in the share price.
LiveTodayStock editorial research. Educational information, not personalized investment advice. Cash examples are gross, exclude taxes and fees, and assume the specified shares qualified for each distribution. Future dividends require board approval.