Global financial services firm JPMorgan Chase announced today it was paying dividends on two classes of preferred shares as follows:
- 5.50% Series O non-cumulative preferred stock of $137.50 per share, which is equivalent to $0.34375 per related depositary share
- 5.45% Series P non-cumulative preferred stock of $136.25 per share, which is equivalent to $0.340625 per related depositary share.
The board of directors said the quarterly dividend is payable on December 2 to holders of record at the close of business on November 1.
The financial services giant also pays a dividend on its common shares equating 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 Sets Preferred Dividends originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase. 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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