JPMorgan Chase & Co. (NYSE:JPM) Plans 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 given a dividend of 1.25 per share by the financial services provider on Friday, January 31st. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th.

JPMorgan Chase & Co. has increased its dividend payment by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. JPMorgan Chase & Co. has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. 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. Stock Down 0.3 %

Shares of NYSE:JPM opened at $242.99 on Wednesday. The firm has a fifty day moving average price of $231.34 and a two-hundred day moving average price of $215.71. The company has a market cap of $684.10 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a one year low of $158.15 and a one year high of $254.31.

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

Wall Street Analysts Forecast Growth

JPM has been the topic of several research analyst reports. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Barclays increased their price objective 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $234.81.

JPMorgan Chase & Co. Company Profile

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.