JPMorgan Chase Named ‘Dow’s Top Dividend Stock’ With 3.1% Yield on Dividend Channel

JPMorgan Chase
jpm
Named as “the Dow’s top dividend stock” according to the Dividend Channel, which published its most recent. “Dividend Category” Report. The report noted that among constituents of the Dow Jones Industrial Average, JPM shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent JPM share price of $127.18 represents a price-to-book ratio of 1.4 and an annual dividend yield of 3.1% — by comparison, the average dividend-paying stock in the Dow yields 3.0% and a price-to-book ratio of 3.1%. trades on price. -Book ratio 7.6. The report also cited strong quarterly dividend history at JPMorgan Chase and favorable long-term multi-year growth rates among key fundamental data points.

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The report states,Dividend investors investing from a value perspective are generally interested in researching the strongest, most profitable companies that trade at an attractive valuation. We seek to explore this by using our proprietary DividendRank formula, which ranks the coverage universe based on our various criteria for both profitability and valuation, in order to select the most ‘interesting’ stocks as a source of ideas for investors. list can be prepared. Worth further research.,

The Dow Jones Industrial Average dates back to 1896, and is one of the most widely followed indices of large, publicly owned companies based in the United States. Click here to see the most popular ETFs that follow the Dow, and view all 30 components and their weights on ETFChannel.com »

The current annual dividend paid by JPMorgan Chase is $4/share, is currently paid in quarterly installments, and the date of its most recent dividend is 04/05/2023. Below is a long-term dividend history chart for JPM, which is emphasized in the report as of critical importance. Indeed, studying a company’s past dividend history can be of great help in deciding whether the most recent dividend is likely to continue.

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