JPMorgan Chase & Co. (JPM) to Issue Quarterly Dividend of $1.50 on July 31st

JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on Monday, May 18th. Shareholders of record on Monday, July 6th will be given a dividend of 1.50 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a 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 raised 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. Equities 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 Performance

JPMorgan Chase & Co. stock opened at $295.67 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a fifty day moving average price of $299.94 and a two-hundred day moving average price of $307.25. JPMorgan Chase & Co. has a 52-week low of $256.00 and a 52-week high of $337.25. The firm has a market capitalization of $792.25 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.47 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The firm had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. During the same period in the prior year, the company posted $5.07 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that JPMorgan Chase & Co. will post 22.43 EPS for the current fiscal year.

JPMorgan Chase & Co. News Roundup

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JPMorgan Chase & Co. Company Profile

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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.

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

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