JPM.PRC

JPMorgan Chase Shares Non-Cumul Preferred Stock Series EE Shares Cross 6% Yield Mark

In trading on Wednesday, shares of JPMorgan Chase & Co's 6.00% Dep Shares Non-Cumul Preferred Stock Series EE (Symbol: JPM.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.93 on the day. This compares to an average yield of 7.11% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, JPM.PRC was trading at a 0.12% premium to its liquidation preference amount, versus the average discount of 14.58% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

Performance Comparison Chart

Below is a dividend history chart for JPM.PRC, showing historical dividend payments on JPMorgan Chase & Co's 6.00% Dep Shares Non-Cumul Preferred Stock Series EE:

JPM.PRC+Dividend+History+Chart

In Wednesday trading, JPMorgan Chase & Co's 6.00% Dep Shares Non-Cumul Preferred Stock Series EE (Symbol: JPM.PRC) is currently off about 0.2% on the day, while the common shares (Symbol: JPM) are up about 0.9%.

Click here to find out the 50 highest yielding preferreds »

Also see:
• Stocks Being Sold By Hedge Funds
• Institutional Holders of SPHR
• PKBK Average Annual Return

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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