JPMorgan (JPM) Maintains $0.05/Share Qtr Dividend Payout

JPMorgan Chase & Co. (NYSE: JPM) declared a quarterly dividend of $0.05 per share, which is maintained from the prior amount. The dividend yield is 0.5%. The dividend is payable on October 31, 2010, to stockholders of record at the close of business on October 6, 2010. The ex-dividend date is October 4. JPMorgan recently forecasts that it will restore its dividend payout ratio to about 30-40% of its normalized dividend. It was cut down to its current level during the financial crisis.... Read more

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