JPMorgan Cuts Dividend 87 Percent to 5 Cents a Share

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JPMorgan Cuts Dividend 87 Percent to 5 Cents a Share

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Bearabull

Posted: Monday, February 23, 2009 11:20:42 PM

Rank: Advanced Member
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Joined: 2/16/2009
Posts: 40
Location: NY

JPMorgan Chase & Co., the second- largest U.S. bank, slashed its dividend by 87 percent to 5 cents and said it plans to maintain that level “for the time being.” The bank and its predecessors haven’t cut the dividend since 1990.

d'oh!

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDh7NR3XwXNA&refer=home

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Posted: Monday, February 23, 2009 11:20:42 PM

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