JPMorgan's Series J Capital Securities Crosses Above 7% Yield Territory

In trading on Wednesday, shares of JPMorgan Chase & Co.’s 7.00% Capital Securities, Series J (NYSE: JPM.PRJ) were yielding above the 7% mark based on

its quarterly dividend (annualized to $1.75), with shares changing hands as low as $24.80 on the day. This compares to an average yield of 5.73% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, JPM.PRJ was trading at a 3.28% premium to its liquidation preference amount, versus the average premium of 3.27% in the “Financial” category.
Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com »

The chart below shows the one year performance of JPM.PRJ shares, versus JPM:

Below is a dividend history chart for JPM.PRJ, showing historical dividend payments on JPMorgan Chase & Co.’s 7.00% Capital Securities, Series J:

---

Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes.

---

In Wednesday trading, JPMorgan Chase & Co.’s 7.00% Capital Securities, Series J (NYSE: JPM.PRJ) is currently up about 0.2% on the day, while the common shares (NYSE: JPM) are up about 1%.

source: forbes.com

please give me comments thanks