JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Tuesday, September 17th, Wall Street Journal reports. Stockholders of record on Friday, October 4th will be given a dividend of 1.25 per share by the financial services provider on Thursday, October 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15.
JPMorgan Chase & Co. has increased its dividend payment by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. JPMorgan Chase & Co. has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect JPMorgan Chase & Co. to earn $16.84 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 29.7%.
JPMorgan Chase & Co. Trading Up 0.1 %
JPMorgan Chase & Co. stock opened at $207.24 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $595.12 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. The stock has a 50-day moving average of $211.39 and a two-hundred day moving average of $202.88. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48.
Analyst Ratings Changes
Several research firms have recently commented on JPM. Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $220.00 to $224.00 in a research report on Monday. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $212.13.
Get Our Latest Report on JPMorgan Chase & Co.
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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
Featured Stories
- Five stocks we like better than JPMorgan Chase & Co.
- Pros And Cons Of Monthly Dividend Stocks
- NuScale Power Soars 270% – Analysts Forecasts More Gains Ahead
- Comparing and Trading High PE Ratio Stocks
- Harness the Power of Dividend ETFs for Steady Income Growth
- What is the NASDAQ Stock Exchange?
- Energy Sector Rebound: 3 Stocks Poised for Strong Gains
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.