JPMorgan (JPM) Stock Rises in After-Hours Trading on Dividend Hike

JPMorgan (JPM) stock is up in after-hours trading on Tuesday after boosting its dividend.

Author:: Rachel Graf
Publish date:: May 17, 2016 4:44 PM EDT

NEW YORK (TheStreet) -- JPMorgan (JPM) - Get Report stock is up 0.17% to $61.76 in after-hours trading on Tuesday after the company increased its dividend.

JPMorgan boosted its dividend to 48 cents per share from 44 cents per share.

The dividend is payable on July 31 to shareholders of record as of July 6.

Based in New York City, JPMorgan is engaged in investment banking and financial services.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A-.

JPMorgan's strengths such as its expanding profit margins and attractive valuation levels outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: JPM

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.