JPMorgan Chase (NYSE:JPM) 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.
Fool contributor Eric Volkman has no position in JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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