2023 was good to JPMorgan Chase (NYSE: JPM), as the stock posted a total return in excess of 30% for the year. Even as CEO Jamie Dimon repeatedly raised concerns about macroeconomic conditions and their potential impact on the broader stock market landscape, the premier Wall Street bank took advantage of an opportunity early in the year to cement its leadership status atop the industry.

Income investors have loved JPMorgan for years because of the bank stock's commitment to sharing its financial success with its shareholders. Even though the company uses extensive stock repurchases, those seeking dividends have also been pleased with the bank's track record. Coming into 2024, many investors have high hopes that JPMorgan will once again increase the amount it pays to its shareholders on a quarterly basis.

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Source Fool.com