It’s a sign that some of the world’s most systemically important lenders are sitting on more than enough capital.

Other dividend increases include Bank of America raising its payout by 8 percent to 28 cents per share, Wells Fargo lifting its dividend to 45 cents from 40 cents, Goldman Sachs raising its dividend from US$3 to US$4, and Citigroup increasing its payout to 60 cents from 56 cents.

Wall Street’s largest lenders boosted their dividends after passing this year’s Federal Reserve stress tests, a hurdle that regulators made easier to clear by softening some of the requirements laid out in previous years.