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

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In trading on Thursday, shares of JPMorgan Chase & Co’s 6.30% Non-Cumulative Preferred Stock, Series W (Symbol: JPM.PRE) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.575), with shares changing hands as low as $26.21 on the day. This compares to an average yield of 5.64% in the “Financial” preferred stock category, according to Preferred Stock Channel . As of last close, JPM.PRE was trading at a 5.72% premium to its liquidation preference amount, versus the average premium of 4.96% 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.

Performance Comparison Chart

Below is a dividend history chart for JPM.PRE, showing historical dividend payments on JPMorgan Chase & Co’s 6.30% Non-Cumulative Preferred Stock, Series W: JPM.PRE+Dividend+History+Chart In Thursday trading, JPMorgan Chase & Co’s 6.30% Non-Cumulative Preferred Stock, Series W (Symbol: JPM.PRE) is currently down about 0.6% on the day, while the common shares (Symbol: JPM) are up about 0.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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