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JPMorgan Chase (JPM, Financial) announced this week that it will be paying a quarterly dividend of 48 cents per share, payable Jan. 31, 2017 with an ex-dividend date of Jan. 4, 2017. The dividend is unchanged from the previous quarter. In 2016, the firm paid $1.84 in dividends per share.
With the quarterly dividend, the firm has a forward dividend yield of 2.23%. In the Dow Jones Industrial Average, it has the highest dividend yield of all financial services companies.
The firm has been increasing its dividend in recent years. Over the past five years it has an annualized dividend growth rate of 53.78%.
Trading at $86, the stock has been gaining. For the year, the stock price is $19.98 higher for a 30.26% gain.
On Jan. 13, 2017, the company will announce its fourth-quarter and full-year earnings. Through the third quarter the firm has revenue of $72.292 billion which is an increase of 2% from 2015. Earnings per share for the year are $4.48, down 20 cents from 2015.
For 2016, analysts are expecting a revenue increase of 3.31%. Earnings per share are expected to increase by 0.17%.
As interest rates rise, bank earnings and their stock values are expected to gain in 2017. For 2017, analysts are projecting a revenue increase of 6.25% and an earnings per share increase of 13.64%. Analysts have a high target price for the stock of $102.
Disclosure: I do not own any shares of JPMorgan.
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