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Top 10 Dow Dividend Stocks

10 of the most solid blue chips writing quarterly checks today

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#10: JPMorgan Chase

JPMorgan NYSE:JPMCurrent Dividend Yield: 3.4%
Performance So Far in 2012: +7%

JPMorgan Chase (NYSE:JPM) has been making a lot of headlines lately — for all the wrong reasons. A little something about a $2 billion JPM trading loss, which you might have heard …

Yes, the the ugly incident has damaged the reputation of CEO Jamie Dimon. Yes, the $2 billion JPMorgan loss is fueling supporters of the Volcker Rule and other regulations limiting speculative investments at banks. But the stock still is up handily year-to-date (more than double the Dow’s 3% gains), boasts a great yield and is the largest American bank by assets.

On the yield side, JPM was granted Federal Reserve permission to raise its dividend in March, even as competitors like Citigroup (NYSE:C) and Bank of America (NYSE:BAC) have failed to improve their payouts beyond a nominal penny per quarter in dividends. You can bet that Ben Bernanke and others at the Fed wouldn’t have allowed JPM to boost its payout if it wasn’t sustainable.

If you’re a long-term investor, you might want to take advantage of the recent turmoil in JPMorgan Chase to get into a nice dividend stock at a decent price.

Article printed from InvestorPlace Media, http://investorplace.com/2012/05/top-10-dow-dividend-stocks-may/.

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