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Some of the biggest banks in the United States announced plans to increase their dividends after passing the latest Federal Reserve stress test.

JPMorgan Chase (JPM) is raising its dividend to $1.25 per share from $1.15. The bank's board also authorized a $30 billion share repurchase plan. 

Bank of America (BAC) is boosting its dividend to $0.26/share from $0.24, Citigroup's (C) dividend is going to $0.56/share from $0.53, and Wells Fargo's (WFC) dividend rises to $0.40 from $0.35.

Yahoo Finance anchor Julie Hyman breaks down the numbers in the video above.

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This post was written by Stephanie Mikulich.