JPMorgan Chase & Co. (NYSE:JPM) to Issue Quarterly Dividend of $0.90

JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Tuesday, September 15th, RTT News reports. Shareholders of record on Tuesday, October 6th will be given a dividend of 0.90 per share by the financial services provider on Saturday, October 31st. This represents a $3.60 annualized dividend and a yield of 3.63%.

JPMorgan Chase & Co. has increased its dividend payment by 79.4% over the last three years and has raised its dividend every year for the last 9 years.

JPM opened at $99.26 on Wednesday. The stock has a market cap of $302.57 billion, a P/E ratio of 13.40, a P/E/G ratio of 3.39 and a beta of 1.16. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day moving average price of $100.06 and a 200 day moving average price of $97.29. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.04. The company had revenue of $32.98 billion during the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. JPMorgan Chase & Co.’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. Corporate insiders own 0.78% of the company’s stock.

Several equities analysts have weighed in on JPM shares. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. Morgan Stanley reiterated a “buy” rating and set a $106.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Goldman Sachs Group upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. Finally, DA Davidson upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $102.00 to $117.00 in a report on Thursday, July 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average price target of $111.37.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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