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JPMorgan Chase Non-Cumulative Preferred Stock, Series AA About To Put More Money In Your Pocket

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On 1/26/17, JPMorgan Chase & Co's 6.10% Non-Cumulative Preferred Stock, Series AA (Symbol: JPM.PRG) will trade ex-dividend, for its quarterly dividend of $0.3812, payable on 3/1/17. As a percentage of JPM.PRG's recent share price of $26.28, this dividend works out to approximately 1.45%, so look for shares of JPM.PRG to trade 1.45% lower - all else being equal - when JPM.PRG shares open for trading on 1/26/17. On an annualized basis, the current yield is approximately 5.82%, which compares to an average yield of 5.63% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of JPM.PRG shares, versus JPM:

Performance Comparison Chart

Below is a dividend history chart for JPM.PRG, showing historical dividends prior to the most recent $0.3812 on JPMorgan Chase & Co's 6.10% Non-Cumulative Preferred Stock, Series AA:

JPM.PRG+Dividend+History+Chart

According to the ETF Finder at ETF Channel, JPMorgan Chase & Co (Symbol: JPM) makes up 11.72% of the iShares U.S. Financial Services ETF ( IYG ) which is trading up by about 1.4% on the day Tuesday.

In Tuesday trading, JPMorgan Chase & Co's 6.10% Non-Cumulative Preferred Stock, Series AA (Symbol: JPM.PRG) is currently up about 0.3% on the day, while the common shares (Symbol: JPM) are up about 1.2%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

JPM.PRG IYG JPM

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