JPMorgan Chase's Preferred Stock Series LL Crosses Above 6% Yield Territory

JPMorgan Chase Series LL 4.625% non‑cumulative preferred stock was yielding above 6% based on a quarterly dividend annualized to $1.1563, with shares trading as low as $19.18 on Tuesday. At that intraday low the implied yield was roughly 6.03% (1.1563 / $19.18), reflecting price weakness that increases current yield for income-seeking buyers.

Analysis

JPMorgan Chase Series LL 4.625% non‑cumulative preferred stock was yielding above 6% based on a quarterly dividend annualized to $1.1563, with shares trading as low as $19.18 on Tuesday. At that intraday low the implied yield was roughly 6.03% (1.1563 / $19.18), reflecting price weakness that increases current yield for income-seeking buyers.