In 2009, JPMorgan Chase cut its dividend down to $0.05 per share and the bank's share price increased in response.

Name: In 2009, JPMorgan Chase cut its dividend down to $0.05 per share and the bank's share price increased in response.
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This is true. JPMorgan Chase cut its dividend to $0.05 per share in an effort to conserve capital during the financial crisis. This move was seen as a positive step by investors, who responded by bidding up the bank's share price.

In 2009, JPMorgan Chase Cut Its Dividend Down to $0