Name of opportunity: 👀
JPMorgan Chase & Co
Ex-dividend date: 💵
The financial services firm’s next ex-dividend date is 7 July. If you are not yet an investor but you want to be certain you’ll qualify to receive the dividends payout, buy shares at least two days before this date. This will allow time for the trade to settle and for you to appear in their list of investors, so that the payment can be made to you.
How hot is this investment opportunity? 🔥🔥🔥
JPMorgan Chase & Co is currently rated as a ‘Buy’ by analysts, who think the stock shows potential for growth. Analysts have noted that JPMorgan outperformed its benchmark, the S&P 500 index, in the first half of 2024. At the end of June, JPMorgan announced a $30 billion share repurchase program, which will increase its earnings per share by reducing the number of shares available.
The company also announced it was raising its quarterly dividend $1.25 per share, an increase of 8.7%. It now pays shareholders a dividend of $4.60 per year in quarterly instalments, translating to a yield of about 2.3%. Analysts consider this an ‘Above Average’ yield. If you invested $1000, you would be paid $19.60 a year in dividends (based on the last 12 months). JPMorgan has raised its dividend often before, and analysts think it is likely that the bank will continue to offer its investors higher dividend payouts - it has increased every year since 2011.
Straight to the bank: 🏦
JPMorgan Chase & Co. is a financial holding company. As of 2023, it is the largest bank in the United States, as well as the world's largest bank by market capitalisation - and at that time, it held US$3.9 trillion in total assets. The company has four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM).
Which neme?: 🔍
‘Largest U.S. Stocks’, ‘Moderate Volatility Stocks’, ‘Banks’, ‘Dividend Deadlines’
Download Nemo to get hold of JPMorgan shares before 5 July to be in good time for the dividends payout
