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

JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, July 6th will be paid a dividend of 1.50 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, July 6th.

JPMorgan Chase & Co. has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. JPMorgan Chase & Co. has a payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect JPMorgan Chase & Co. to earn $23.56 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 25.5%.

JPMorgan Chase & Co. Stock Up 1.0%

Shares of NYSE JPM opened at $300.91 on Tuesday. The stock has a market capitalization of $806.28 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.45 and a beta of 1.03. The company has a 50-day moving average price of $299.82 and a 200-day moving average price of $307.32. JPMorgan Chase & Co. has a 1 year low of $256.00 and a 1 year high of $337.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. The firm had revenue of $50.54 billion during the quarter, compared to analysts’ expectations of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned $5.07 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 22.43 EPS for the current fiscal year.

Key Headlines Impacting JPMorgan Chase & Co.

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JPMorgan Chase & Co. Company Profile

(Get Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

Further Reading

Dividend History for JPMorgan Chase & Co. (NYSE:JPM)

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