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JPMorgan Chase Non-Cumulative Preferred Stock, Series P Ex-Dividend Reminder

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Shutterstock photo

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On 7/31/17, JPMorgan Chase & Co's 5.45% Non-Cumulative Preferred Stock, Series P (Symbol: JPM.PRA) will trade ex-dividend, for its quarterly dividend of $0.3406, payable on 9/1/17. As a percentage of JPM.PRA's recent share price of $25.84, this dividend works out to approximately 1.32%, so look for shares of JPM.PRA to trade 1.32% lower - all else being equal - when JPM.PRA shares open for trading on 7/31/17. On an annualized basis, the current yield is approximately 5.26%, which compares to an average yield of 5.47% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of JPM.PRA shares, versus JPM:

Performance Comparison Chart

Below is a dividend history chart for JPM.PRA, showing historical dividends prior to the most recent $0.3406 on JPMorgan Chase & Co's 5.45% Non-Cumulative Preferred Stock, Series P:

JPM.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, JPMorgan Chase & Co (Symbol: JPM) makes up 11.75% of the iShares U.S. Financial Services ETF ( IYG ) which is trading relatively unchanged on the day Thursday.

In Thursday trading, JPMorgan Chase & Co's 5.45% Non-Cumulative Preferred Stock, Series P (Symbol: JPM.PRA) is currently down about 0.2% on the day, while the common shares (Symbol: JPM) are trading flat.

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.

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JPM.PRA IYG JPM

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