Here's How JPMorgan Chase Can Afford Its 2.9% Dividend Yield
Quick question: Can you spare $3.4 billion in cash every few months to reward members of a select group of investors?
If the answer is no, you are certainly not JPMorgan Chase (NYSE: JPM). The giant bank is paying nearly that amount quarterly in the form of common stock dividends to its shareholders.
To put it mildly, $3.4 billion is an awful lot of scratch, even for a big lender atop the U.S. financial system. Here's how JPMorgan Chase manages to generate that much cash to return to its investors.
Source Fool.com
JPMorgan Chase & Co. Stock
€181.26
-0.890%
The stock is an absolute favorite of our community with 29 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 11.44% for JPMorgan Chase & Co. compared to the current price of 181.26 €.
