JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ Shares Cross 5.5% Yield Mark

By Preferred Stock Channel Staff, Wednesday, April 24, 2:05 PM ET

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In trading on Wednesday, shares of JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ (NYSE:JPM.PRK) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1375), with shares changing hands as low as $20.58 on the day. This compares to an average yield of 6.73% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, JPM.PRK was trading at a 16.92% discount to its liquidation preference amount, versus the average discount of 10.67% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

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

Performance Comparison Chart

Below is a dividend history chart for JPM.PRK, showing historical dividend payments on JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ:

Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ (NYSE:JPM.PRK) is currently up about 0.3% on the day, while the common shares (NYSE:JPM) are trading flat.

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JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ Shares Cross 5.5% Yield Mark

JPMorgan Chase & Co's 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ Shares Cross 5.5% Yield Mark | www.PreferredStockChannel.com