Global financial services giant JPMorgan Chase announced today its third-quarter dividend of $0.38 per share, the same rate it paid last quarter after raising the payout to investors 27%, from $0.30 per share.
The board of directors said the quarterly dividend is payable on Oct. 31 to the holders of record at the close of business on Oct. 4. The regular dividend payment equates to a $1.52-per-share annual dividend, yielding 2.9% based on the closing price today of JPMorgan Chase's stock.
The article JPMorgan Chase Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase & Co. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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