JPMorgan Chase & Co. (NYSE:JPM) Increases Dividend to $1.50 Per Share

Key Points

• JPMorgan Chase & Co. has raised its quarterly dividend to $1.50 per share, a 7.1% increase from the previous dividend of $1.40.
• The company's payout ratio stands at 28.6%, indicating that the dividend is well-supported by its earnings.
• JPMorgan's stock is currently trading at $309.19, with analysts projecting it will earn $19.42 per share in the upcoming year.

JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Investors of record on Monday, October 6th will be given a dividend of 1.50 per share by the financial services provider on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 1.9%. This is a 7.1% increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40.

JPMorgan Chase & Co. has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect JPMorgan Chase & Co. to earn $19.42 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 28.8%.

JPMorgan Chase & Co. Stock Up 0.1%

NYSE:JPM traded up $0.29 during mid-day trading on Tuesday, reaching $309.19. The stock had a trading volume of 10,518,660 shares, compared to its average volume of 6,806,734. The business's 50 day moving average is $294.29 and its 200 day moving average is $267.75. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $310.90. The stock has a market cap of $850.20 billion, a P/E ratio of 15.86, a PEG ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the prior year, the company posted $6.12 earnings per share. The firm's revenue was down 10.5% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Milestones Private Investment Advisors LLC bought a new position in JPMorgan Chase & Co. in the second quarter worth $821,000. WT Wealth Management lifted its position in JPMorgan Chase & Co. by 6.4% in the second quarter. WT Wealth Management now owns 1,909 shares of the financial services provider's stock worth $553,000 after purchasing an additional 115 shares during the period. NWF Advisory Services Inc. lifted its position in JPMorgan Chase & Co. by 13.6% in the second quarter. NWF Advisory Services Inc. now owns 17,826 shares of the financial services provider's stock worth $5,168,000 after purchasing an additional 2,132 shares during the period. Prospera Capital Management LLC lifted its position in JPMorgan Chase & Co. by 3.2% in the second quarter. Prospera Capital Management LLC now owns 2,422 shares of the financial services provider's stock worth $702,000 after purchasing an additional 76 shares during the period. Finally, ZynergyRetirementPlanningLLC lifted its position in JPMorgan Chase & Co. by 11.1% in the second quarter. ZynergyRetirementPlanningLLC now owns 1,321 shares of the financial services provider's stock worth $383,000 after purchasing an additional 132 shares during the period. 71.55% of the stock is owned by institutional investors.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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