JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on Monday, May 18th, RTT News reports. Investors of record on Monday, July 6th will be given a dividend of 0.90 per share by the financial services provider on Friday, July 31st. This represents a $3.60 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Thursday, July 2nd.

JPMorgan Chase & Co. has decreased its dividend payment by an average of 11.0% annually over the last three years and has raised its dividend every year for the last 9 years. JPMorgan Chase & Co. has a payout ratio of 72.4% meaning its dividend is sufficiently covered by earnings. Analysts expect JPMorgan Chase & Co. to earn $8.83 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 40.8%.

JPM stock opened at $93.00 on Tuesday. The company has a market cap of $282.12 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 3.58 and a beta of 1.19. The business has a 50-day simple moving average of $96.71 and a 200 day simple moving average of $112.11. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($1.92). The company had revenue of $28.25 billion during the quarter, compared to analyst estimates of $29.45 billion. JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $2.65 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 5.17 EPS for the current fiscal year.

A number of research firms have issued reports on JPM. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, March 20th. Societe Generale upgraded JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a research report on Tuesday, April 14th. Wells Fargo & Co lifted their target price on JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 1st. Finally, BMO Capital Markets decreased their target price on JPMorgan Chase & Co. from $117.00 to $101.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 15th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus price target of $110.34.

In related news, Director Stephen B. Burke bought 75,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average cost of $87.99 per share, for a total transaction of $6,599,250.00. Following the completion of the acquisition, the director now directly owns 150,043 shares of the company’s stock, valued at approximately $13,202,283.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 13,027 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.12, for a total value of $1,187,020.24. Following the completion of the sale, the insider now owns 137,243 shares in the company, valued at $12,505,582.16. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Dividend History for JPMorgan Chase & Co. (NYSE:JPM)

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