JPMorgan Chase & Co. Shares Cross 3% Yield Mark

DividendChannel.com
Forbes
JPMorgan Chase & Co. Shares Cross 3% Yield Mark
JPM+Dividend+History+Chart

According to DividendChannel.com, in trading on Tuesday, shares of JPMorgan Chase & Co. (NYSE: JPM) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.00), with the stock changing hands as low as $32.31 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1998 — you would have paid $123.31 per share. Fast forward to 12/31/2010 and each share was worth $125.75 on that date, a mere $2.44 or 2% increase over all those years. But now consider that you collected a whopping $20.53 per share in dividends over the same period, increasing your return to 18.6%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.4%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. JPMorgan Chase & Co. (NYSE: JPM) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of JPMorgan Chase & Co., looking at the history chart for JPM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.

JPM Dividend History


Date

Div*


07/01/11

0.250


04/04/11

0.250


01/04/11

0.050


10/04/10

0.050


07/01/10

0.050


04/01/10

0.050


01/04/10

0.050


10/02/09

0.050


07/01/09

0.050


04/02/09

0.050


01/02/09

0.380


10/02/08

0.380


07/01/08

0.380


04/02/08

0.380


01/02/08

0.380


10/03/07

0.380


07/03/07

0.380


04/03/07

0.340


01/03/07

0.340


10/04/06

0.340


07/03/06

0.340


04/04/06

0.340


01/04/06

0.340


10/04/05

0.340


07/01/05

0.340


04/04/05

0.340


01/04/05

0.340


10/04/04

0.340


07/01/04

0.340


04/02/04

0.340


01/02/04

0.340


10/02/03

0.340


07/01/03

0.340


04/02/03

0.340


01/02/03

0.340


10/02/02

0.340


07/02/02

0.340


04/03/02

0.340


01/02/02

0.340


10/03/01

0.340


07/03/01

0.340


04/04/01

0.340


01/03/01

0.320


10/04/00

0.320


07/03/00

0.320


04/04/00

0.480


01/04/00

0.410


10/04/99

0.410


07/01/99

0.410


04/01/99

0.410


01/04/99

0.360


10/02/98

0.360


07/01/98

0.360


04/02/98

0.720


01/02/98

0.620


10/02/97

0.620


07/01/97

0.620


04/02/97

0.620


01/02/97

0.560


10/02/96

0.560


07/02/96

0.560


01/03/96

0.500


10/04/95

0.500


* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.




According to the ETF Finder at ETF Channel, JPM makes up 23.94% of the Regional Bank HOLDRS ETF (AMEX: RKH) which is trading higher by about 2.6% on the day Tuesday.

See what other ETFs contain JPM »

See what other stocks are held by RKH »

JPM operates in the Banking & Savings sector, among companies like Citigroup (NYSE:C), up 2.95%, and KeyCorp (NYSE: KEY) trading up by about 3%.

 

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