JPMorgan Chase Non-Cumulative Preferred Stock, Series P Goes Ex-Dividend Soon

On 7/30/14, JPMorgan Chase & Co's 5.45% Non-Cumulative Preferred Stock, Series P (NYSE: JPM.PRA) will trade ex-dividend, for its quarterly dividend of $0.3406, payable on 9/2/14. As a percentage of JPM.PRA's recent share price of $23.09, this dividend works out to approximately 1.48%, so look for shares of JPM.PRA to trade 1.48% lower — all else being equal — when JPM.PRA shares open for trading on 7/30/14. On an annualized basis, the current yield is approximately 5.91%, which compares to a...