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

On 10/30/14, JPMorgan Chase & Co's 6.30% Non-Cumulative Preferred Stock, Series W (NYSE: JPM.PRE) will trade ex-dividend, for its quarterly dividend of $0.3937, payable on 12/1/14. As a percentage of JPM.PRE's recent share price of $25.13, this dividend works out to approximately 1.57%, so look for shares of JPM.PRE to trade 1.57% lower — all else being equal — when JPM.PRE shares open for trading on 10/30/14. On an annualized basis, the current yield is approximately 6.26%, which compares t...