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JPMorgan Chase's Preferred Stock, Series BB Shares Cross 6% Yield Mark

By Ru Back Packer Staff, Tuesday, January 16, 2:08 PM ET
Play Video: The Importance of Dividends


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In trading on Tuesday, shares of JPMorgan Chase & Co's 6.15% Non-Cumulative Preferred Stock, Series BB (NYSE:JPM.PRH) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5375), with shares changing hands as low as $24.03 on the day. This compares to an average yield of 5.57% in the "Financial" preferred stock category, according to Ru Back Packer. As of last close, JPM.PRH was trading at a 6.80% premium to its liquidation preference amount, versus the average premium of 5.97% 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.PRH shares, versus JPM:

Performance Comparison Chart

Below is a dividend history chart for JPM.PRH, showing historical dividend payments on JPMorgan Chase & Co's 6.15% Non-Cumulative Preferred Stock, Series BB:


In Tuesday trading, JPMorgan Chase & Co's 6.15% Non-Cumulative Preferred Stock, Series BB (NYSE:JPM.PRH) is currently off about 0.2% on the day, while the common shares (NYSE:JPM) are off about 0.6%.


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