JPMorgan Chase Declares Fresh Common Stock Dividend; Yield is Just Under 4%
JPMorgan Chase (NYSE: JPM) has elected to maintain its current common stock dividend policy. JPMorgan Chase is keeping its dividend steady -- at least for now -- despite a significant net profit drop in its latest reported quarter. The reason for the former plunge was loan-loss provisioning; like nearly every other major U.S. bank and lending institution, JPMorgan Chase is anticipating a sharp increase in loan defaults.