JPMorgan Chase & Co. to Issue Quarterly Dividend of $1.50 (NYSE:JPM)

by · The Markets Daily

JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Tuesday, December 9th. Shareholders of record on Tuesday, January 6th will be paid a dividend of 1.50 per share by the financial services provider on Saturday, January 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, January 6th.

JPMorgan Chase & Co. has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. JPMorgan Chase & Co. has a dividend payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect JPMorgan Chase & Co. to earn $19.42 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 30.9%.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded up $4.28 on Wednesday, reaching $304.79. 4,873,046 shares of the company’s stock traded hands, compared to its average volume of 9,306,969. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a 50-day simple moving average of $306.41 and a 200-day simple moving average of $295.75. The firm has a market cap of $829.72 billion, a PE ratio of 15.09, a P/E/G ratio of 1.63 and a beta of 1.08. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $322.25.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same quarter in the prior year, the company posted $4.37 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

About JPMorgan Chase & Co.

(Get Free Report)

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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