JPMorgan Chase & Co. (NYSE: JPM) declared a quarterly dividend on the outstanding shares of each of the corporations’s following preferred stock issues:
8.625% Non-Cumulative Preferred Stock, Series J - $215.6250 per share (equivalent to $0.5390625 per related Depositary Share).
5.50% Non-Cumulative Preferred Stock, Series O - $137.50 per share (equivalent to $0.34375 per related Depositary Share).
The dividend payment date is March 1, 2013, to stockholders of record at the close of business on January 30, 2013. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.