In buying and selling on Monday, shares of JPMorgan Chase & Co’s 4.20% Dep Shares Non-Cumulative Most popular Inventory Sequence MM (Image: JPM.PRM) had been yielding above the 5.5% mark based mostly on its quarterly dividend (annualized to $1.05), with shares altering fingers as little as $19.03 on the day. This compares to a median yield of 6.51% within the “Monetary” most popular inventory class, in response to Preferred Stock Channel. As of final shut, JPM.PRM was buying and selling at a 22.84% low cost to its liquidation choice quantity, versus the typical low cost of seven.51% within the “Monetary” class. Traders ought to remember the fact that the shares aren’t cumulative, which means that within the occasion of a missed fee, the corporate doesn’t should pay the stability of missed dividends to most popular shareholders earlier than resuming a standard dividend.
The chart under exhibits the one yr efficiency of JPM.PRM shares, versus JPM:
Beneath is a dividend historical past chart for JPM.PRM, exhibiting historic dividend funds on JPMorgan Chase & Co’s 4.20% Dep Shares Non-Cumulative Most popular Inventory Sequence MM:
In Monday buying and selling, JPMorgan Chase & Co’s 4.20% Dep Shares Non-Cumulative Most popular Inventory Sequence MM (Image: JPM.PRM) is at present down about 0.6% on the day, whereas the frequent shares (Image: JPM) are up about 0.2%.
Additionally see:
PSA Options Chain
RCLF shares outstanding history
MNI Options Chain
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
