JPMorgan Chase's Preferred Stock Series MM Shares Cross 5.5% Yield Mark

By Preferred Stock Channel Staff, Tuesday, May 16, 2:54 PM ET

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In trading on Tuesday, shares of JPMorgan Chase & Co's 4.20% Dep Shares Non-Cumulative Preferred Stock Series MM (NYSE:JPM.PRM) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.05), with shares changing hands as low as $19.04 on the day. This compares to an average yield of 7.28% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, JPM.PRM was trading at a 22.68% discount to its liquidation preference amount, versus the average discount of 17.77% in the "Financial" category.

The chart below shows the one year performance of JPM.PRM shares, versus JPM:

Performance Comparison Chart

Below is a dividend history chart for JPM.PRM, showing historical dividend payments on JPMorgan Chase & Co's 4.20% Dep Shares Non-Cumulative Preferred Stock Series MM:

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In Tuesday trading, JPMorgan Chase & Co's 4.20% Dep Shares Non-Cumulative Preferred Stock Series MM (NYSE:JPM.PRM) is currently off about 1.4% on the day, while the common shares (NYSE:JPM) are off about 0.6%.

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JPMorgan Chase's Preferred Stock Series MM Shares Cross 5.5% Yield Mark

JPMorgan Chase's Preferred Stock Series MM Shares Cross 5.5% Yield Mark | www.PreferredStockChannel.com