JPMorgan Chase & Co. (JPM) to Issue Quarterly Dividend of $1.65 on October 31st

JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, October 6th will be paid a dividend of 1.65 per share by the financial services provider on Saturday, October 31st. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, October 6th. This is a 10.0% increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50.

JPMorgan Chase & Co. has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 15 years. JPMorgan Chase & Co. has a payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect JPMorgan Chase & Co. to earn $25.04 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 24.0%.

JPMorgan Chase & Co. Trading Down 1.0%

Shares of JPMorgan Chase & Co. stock opened at $349.10 on Thursday. The company has a market capitalization of $927.96 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98. The stock has a fifty day simple moving average of $353.19 and a 200 day simple moving average of $323.32. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. The business had revenue of $58.02 billion for the quarter, compared to analysts’ expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the business earned $4.96 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 24.3 earnings per share for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel owned 40,961 shares of the company’s stock, valued at $13,547,031.53. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 10,467 shares of company stock valued at $3,593,651. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MBM Wealth Consultants LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $29,000. Aventus Investment Advisors Inc. bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $33,000. Osbon Capital Management LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. WHI TRUST Co LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $45,000. Finally, Timbuktu Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $50,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.