On 4/30/14, 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 6/1/14. As a percentage of JPM.PRA's recent share price of $22.64, this dividend works out to approximately 1.50%, so look for shares of JPM.PRA to trade 1.50% lower — all else being equal — when JPM.PRA shares open for trading on 4/30/14. On an annualized basis, the current yield is approximately 6.03%, which compares to an average yield of 5.77% in the "Financial" preferred stock category, according to Preferred Stock Channel.
JPMorgan Chase Non-Cumulative Preferred Stock, Series P Ex-Dividend Reminder
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