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

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 increased its dividend annually for the last 9 consecutive years.

NYSE JPM traded down $3.19 on Tuesday, hitting $99.28. 23,645,082 shares of the company’s stock were exchanged, compared to its average volume of 20,928,539. 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’s 50-day moving average price is $99.98 and its two-hundred day moving average price is $97.41. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The firm has a market cap of $312.29 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 3.39 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.04. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The company had revenue of $32.98 billion for the quarter, compared to analysts’ expectations of $30.23 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, research analysts predict that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the company. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 target price on the stock in a research report on Wednesday, May 20th. Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Goldman Sachs Group upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. DA Davidson upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $102.00 to $117.00 in a report on Thursday, July 9th. Finally, BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $108.00 to $119.00 in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $111.37.

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

JPMorgan Chase & Co. Company Profile

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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