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In trading on Friday, shares of JPMorgan Chase & Co's 6.70% Non-Cumulative Preferred Stock, Series T (Symbol: JPM.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.675), with shares changing hands as low as $27.90 on the day. This compares to an average yield of 5.48% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, JPM.PRB was trading at a 11.88% premium to its liquidation preference amount, versus the average premium of 5.07% in the "Financial" category.
Below is a dividend history chart for JPM.PRB, showing historical dividend payments on JPMorgan Chase & Co's 6.70% Non-Cumulative Preferred Stock, Series T:
In Friday trading, JPMorgan Chase & Co's 6.70% Non-Cumulative Preferred Stock, Series T (Symbol: JPM.PRB) is currently up about 0.6% on the day, while the common shares (Symbol: JPM) are down about 2.1%.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
