On 1/28/14, JPMorgan Chase & Co.'s 5.45% Non-Cumulative Preferred Stock, Series P (JPM.PRA) will trade ex-dividend, for its quarterly dividend of $0.3406, payable on 3/1/14. As a percentage of JPM.PRA's recent share price of $21.65, this dividend works out to approximately 1.57%, so look for shares of JPM.PRA to trade 1.57% lower — all else being equal — when JPM.PRA shares open for trading on 1/28/14. On an annualized basis, the current yield is approximately 6.28%, which compares to an average yield of 5.79% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From JPMorgan Chase Non-Cumulative Preferred Stock, Series P
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