JPMorgan Chase’s Preferred Stock Shows Discount Amid Dividend Yields

Current Yield and Market Performance of JPM.PRM

In trading on Monday, shares of JPMorgan Chase & Co’s 4.20% Dep Shares Non-Cumulative Preferred Stock Series MM (Symbol: JPM.PRM) recorded a yield exceeding 5.5% due to its quarterly dividend, which amounts to an annualized total of $1.05. On that day, shares traded as low as $19.03. This yield contrasts with an average of 6.51% in the broader “Financial” preferred stock sector, according to data from Preferred Stock Channel. As of the last closing, JPM.PRM was trading at a significant discount of 22.84% compared to its liquidation preference amount. In comparison, the average discount for the “Financial” category stood at 7.51%. It’s critical for investors to understand that these shares are not *cumulative*, indicating that if a payment is missed, JPMorgan is not obligated to pay back the missed dividends before continuing with distributions to common shareholders.

The chart below shows the one-year performance of JPM.PRM shares against JPM:

Additionally, here is a dividend history chart illustrating JPMorgan Chase & Co’s past dividend payments for the 4.20% Dep Shares Non-Cumulative Preferred Stock Series MM:

During Monday’s trading session, JPMorgan Chase & Co’s preferred shares (JPM.PRM) experienced a slight decline of about 0.6%, while its common shares (Symbol: JPM) increased by approximately 0.2%.

Additional Resources:

• PSA Options Chain
• RCLF Shares Outstanding History
• MNI Options Chain

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