JPMorgan Chase is preferring to keep the cash flowing for holders of two of its preferred stock issues. The financial-services giant has declared a $395.00-per-share payout for its fixed-to-floating rate non-cumulative series I preferred stock. This payment will be dispensed on Oct. 30 to holders of record as of Sept. 30.
Just after that, on Nov. 1, holders of the bank's fixed-to-floating rate non-cumulative series Q preferred stock will receive $257.50 per share, provided they are in possession of their stock as of Oct. 2.
JPMorgan, a habitual dividend payer, also hands out a common stock disbursement on a regular basis. Holders of that security most recently received a distribution of $0.38 per share, paid at the end of July.
The article JPMorgan Chase Declares Preferred Stock Dividends originally appeared on Fool.com.
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