Dow Component JPMorgan Chase (JPM) To Go Ex-dividend

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 33 points (+0.2%) at 17,104 as of Tuesday, Sep 30, 2014, 10:36 a.m. ET. During this time, 65 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 298.3 million. The NYSE advances/declines ratio sits at 1,268 issues advancing vs. 1,636 declining with 178 unchanged.
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Thursday, October 2, 2014 is the ex-dividend date for Dow component JPMorgan Chase (NYSE: JPM). Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $60.45 as of 10:36 a.m. ET, the dividend yield is 2.6% compared to the average Dow component yield of 2.6%.

The average volume for JPMorgan Chase has been 12.9 million shares per day over the past 30 days. JPMorgan Chase has a market cap of $229.59 billion and is part of the financial sector and banking industry. Shares are up 3.2% year-to-date as of Monday's close.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. The company has a P/E ratio of 15.5, below the average banking industry P/E ratio of 15.8.
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TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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