JPMorgan Chase & Co. declared a Dec. 1 dividend for its Series GG preferred stock, setting Nov. 2 as the eligibility cutoff for investors seeking the $0.296875-per-depositary-share payment.
JPMorgan's declaration sets a distribution of $0.296875 per depositary share and gives Series GG a 4.75% rate. The New York Stock Exchange lists the shares as JPM PR J.
A group of 400 depositary shares corresponds to one preferred share. JPMorgan pays the dividend after each quarter only if it declares a payment; missed amounts do not roll into later dividends.
Related EconoTimes coverage includes reports on JPMorgan's Series JJ preferred shares and its Series MM dividend. Eligibility is based on JPMorgan's shareholder register at the end of business on Nov. 2.
