JPMorgan Chase & Co. (JPM) to Issue Quarterly Dividend of $1.15 on July 31st

JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Monday, May 20th, RTT News reports. Stockholders of record on Friday, July 5th will be given a dividend of 1.15 per share by the financial services provider on Wednesday, July 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.30%.

JPMorgan Chase & Co. has raised its dividend payment by an average of 4.0% annually over the last three years and has increased its dividend every year for the last 14 years. JPMorgan Chase & Co. has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect JPMorgan Chase & Co. to earn $16.27 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 28.3%.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $199.58 on Wednesday. JPMorgan Chase & Co. has a one year low of $134.40 and a one year high of $205.88. The company’s 50-day moving average is $194.19 and its 200 day moving average is $177.38. The company has a market capitalization of $573.13 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.28 EPS for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total value of $716,340.80. Following the completion of the sale, the insider now directly owns 44,996 shares in the company, valued at approximately $8,222,569.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total transaction of $716,340.80. Following the transaction, the insider now owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The disclosure for this sale can be found here. Insiders sold 1,081,127 shares of company stock worth $198,695,364 over the last 90 days. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JPM shares. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group upped their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday. BMO Capital Markets dropped their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Finally, Robert W. Baird increased their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

Check Out Our Latest Stock Report on JPMorgan Chase & Co.

About JPMorgan Chase & Co.

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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.

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Dividend History for JPMorgan Chase & Co. (NYSE:JPM)

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