Jpmorgan Chase slashes dividend to 5 cents
JPMorgan Chase says it will slash its quarterly common stock dividend to 5 cents per share from 38 cents to save about $5 billion in capital per year.
JPMorgan Chase & Co. declared a quarterly dividend on the outstanding shares of the corporation's 8.625% Non-Cumulative Preferred Stock, Series J, in the amount of USD215.6250 per share.