JPMorgan Chase & Co. (NYSE:JPM) Declares Quarterly Dividend of $1.50

JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Monday, May 18th. Investors of record on Monday, July 6th will be paid a dividend of 1.50 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, July 6th.

JPMorgan Chase & Co. has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. JPMorgan Chase & Co. has a payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect JPMorgan Chase & Co. to earn $23.56 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 25.5%.

JPMorgan Chase & Co. Trading Up 1.0%

Shares of NYSE:JPM opened at $300.91 on Tuesday. The company has a market capitalization of $806.28 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.45 and a beta of 1.03. JPMorgan Chase & Co. has a 1 year low of $256.00 and a 1 year high of $337.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50 day simple moving average is $299.82 and its 200 day simple moving average is $307.32.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The firm had revenue of $50.54 billion for the quarter, compared to the consensus estimate of $48.30 billion. During the same quarter last year, the business posted $5.07 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 22.43 EPS for the current fiscal year.

About JPMorgan Chase & Co.

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.