Dividends for Wells Fargo (WFC) (JPM) (USB) (PNC)?

Expectations are the Federal Reserve is about to release certain qualified banks to reinstate or bump up dividends very soon, with Wells Fargo (NYSE:WFC), JPMorgan (NYSE:JPM) US Bancorp (NYSE:USB) and PNC Financial Services Group (NYSE:PNC) being among the top banks expected to get the go ahead. It could be as early as this week when the word comes down from the Fed.

This will of course be an extraordinary competitive advantage for those banks getting the news, at least for the time it takes for competitors to get their approval as well.

But even when they do, it's still a matter of the performance and health of the banks as to how much of a dividend they offer.

Wells Fargo closed Friday at $32.38, up $0.32, or 1.00 percent. JPMorgan closed at $45.74, gaining $0.21, or 0.46 percent. PNC Financial ended the day at $62.91, increasing $0.70, or 1.13 percent. U.S. Bankcorp closed at $27.16, down $0.02, or 0.07 percent.