Banks have boosted their dividends by as much as 50% in recent weeks, but the larger payouts have gone just a short way toward piquing investor interest.

Wells Fargo & Co., which raised its dividend on Oct. 19, has so far set the pace with the 50% increase. But other banks aren't far behind. Just last week, Mellon Bank announced a dividend increase of 47%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.