For investors interested in dividends and the nation's biggest banks, there are four big bank stocks that you should add to your watchlist: JPMorgan Chase (JPM 0.49%), Wells Fargo (WFC -0.56%), State Street (STT -0.13%), and Morgan Stanley (MS 0.10%). As you can see in the slideshow below, these four bank stocks yield between 1.84% and 2.76%, based on data from Yahoo! Finance.
What's even more encouraging about these bank stocks is the fact that their dividends are likely to grow. This is because all four of these banks are still in the process of increasing their dividends since their quarterly distributions bottomed out at the nadir of the financial crisis. Morgan Stanley trails the pack in this regard, as it has only recently begun to boost its quarterly payout after dropping it to $0.05 per share six years ago. Wells Fargo, JPMorgan Chase, and State Street, however, already have multiple dividend increases under their belts over the past five years.
To see how these banks match up in terms of their dividend yield, check out the slideshow below, which ranks JPMorgan Chase, Wells Fargo, State Street, and Morgan Stanley based on their current dividend yields.
Source: Yahoo! Finance was used to source all data from JPMorgan Chase, Wells Fargo, State Street, and Morgan Stanley.
