5 Best Long-Term Dividend Stocks

2. JPMorgan Chase & Co. (NYSE:JPM)

Dividend Yield as of July 18: 3.56%

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational investment bank and financial services holding company. It provides services in consumer banking, investment banking, and asset management.

In Q2 2022, JPMorgan Chase & Co. (NYSE:JPM) paid $3 billion in dividends to shareholders, up from $1.7 billion paid in the last quarter. The company has been raising its dividends consecutively for the past 12 years, with a five-year CAGR of 15%. Its payout ratio stands at 40% and is expected to remain the same for the remaining year. JPMorgan Chase & Co. (NYSE:JPM) currently pays a quarterly dividend of $1.00 per share, with a dividend yield of 3.56%, as of July 18.

Following the strong Q2 earnings of JPMorgan Chase & Co. (NYSE:JPM), RBC Capital expressed concerns about difficult capital market businesses. In view of this, the firm lowered its price target on the stock to $130 but kept an Outperform rating on the shares.

At the end of Q1 2022, 110 hedge funds tracked by Insider Monkey owned stakes in JPMorgan Chase & Co. (NYSE:JPM), up from 107 in the previous quarter. The collective value of these stakes is over $5 billion.

Carillon Tower Advisers mentioned JPMorgan Chase & Co. (NYSE:JPM) in its Q1 2022 investor letter. Here is what the firm has to say:

“More cyclical sectors, including technology and consumer discretionary, were among the weakest, likely due to rising interest rates and inflation. It was encouraging to see the quarter finish on a strong note with the S&P 500 only about 5% away from its all-time highs. Shares of JPMorgan Chase (NYSE:JPM) detracted from performance due to the company’s increased expense guidance, announced in January.”