|
Featured MNV Articles:
| JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ Shares Cross 5.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, April 24, 2:05 PM ET
In trading on Wednesday, shares of JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ (NYSE:JPM.PRK) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1375), with shares changing hands as low as $20.58 on the day. This compares to an average yield of 6.73% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, JPM.PRK was trading at a 16.92% discount to its liquidation preference amount, versus the average discount of 10.67% 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. The chart below shows the one year performance of JPM.PRK shares, versus JPM:
Below is a dividend history chart for JPM.PRK, showing historical dividend payments on JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ:
Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ (NYSE:JPM.PRK) is currently up about 0.3% on the day, while the common shares (NYSE:JPM) are trading flat.
This Article's Word Cloud:
Arial
Below
Channel
Chase
Cumulative
Dividends
Financial
Free
Investors
JPMorgan
Juicy
More
NYSE
Preferred
Report
Series
Shares
Start
Stock
Stocks
This
Wednesday
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
balance
based
before
beforeLeftLabels
category
chart
common
discount
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
|