Dividend.com: J.P. Morgan Collects Cash
There is no question that JPMorgan has catapulted even further up the bank survivor list. The key now is to not chase any particular run in the name but to allow time to slowly clear away the mess that needs to be cleaned up. The benefits of this deal for JPMorgan will take time to be fully realized. We do like the shares and recommend them, but we would recommend being patient as far as adding to positions. JPMorgan Chase has a 3.50% dividend yield, on the basis of last night's closing stock price of $43.46.
JPMorgan Chase is a recommended dividend stock, currently holding a Dividend.com rating of 3.5 out of 5 stars.
Jabil Circuit Reports Quarterly Earnings In-Line With Estimates
Jabil Circuit (JBL), a provider of electronic manufacturing services and solutions, came in 1 penny below consensus EPS estimates as revenue increased 4% to $3.3 billion.The company's core earnings per share increased 18% to $1.12 per diluted share for the period, compared with 95 cents for fiscal 2007. Also, the company finished the quarter with cash and cash equivalent balances of $773 million. The company's cash hoard makes it an interesting value play as we start to look toward 2009 and a possible rebound. For now, we would still avoid the shares, but we will closely monitor the news flow for any positive changes. We had removed the shares from our "recommended" list back on Sept. 3 at a price of $15.59. The company has a 2.62% dividend yield, on the basis of last night's closing stock price of $10.69. Jabil Circuit is not a recommended dividend stock at this time, holding a Dividend.com Rating of 3.3 out of 5 stars.
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