JPMorgan Chase & Co. (NYSE:JPM) to Issue Quarterly Dividend of $1.25

JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Monday, December 9th,RTT News reports. Investors of record on Monday, January 6th will be paid a dividend of 1.25 per share by the financial services provider on Friday, January 31st. This represents a $5.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th.

JPMorgan Chase & Co. has increased its dividend by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. JPMorgan Chase & Co. has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect JPMorgan Chase & Co. to earn $16.70 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 29.9%.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $243.28 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market cap of $684.92 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $164.30 and a 52 week high of $254.31. The firm’s 50-day simple moving average is $239.74 and its two-hundred day simple moving average is $220.99.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period last year, the firm earned $4.33 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup lifted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Barclays upped their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research report on Thursday, November 7th. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $236.82.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.