UPDATE 1-JPMorgan CEO Dimon does not rule out suspending 2020 dividend due to coronavirus crisis [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
JPMorgan CEO Dimon does not rule out suspending 2020 dividend due to coronavirus crisis - Reuters 2 Min Read (Reuters) - JPMorgan Chase & Co ( JPM.N ) could consider suspending dividend for 2020 due to the ongoing coronavirus crisis, Chief Executive Officer Jamie Dimon said on Monday, even as the bank rolled out relief measures for customers and small businesses. The No.1 U.S. bank by assets could look at the dividend if the gross domestic product were to fall by as much as 35% in the second quarter and unemployment rate were to plunge further to 14% in the fourth quarter of the year, Dimon wrote in his annual letter to shareholders. “If it were to play out, the Board would likely consider suspending the dividend even though it is a rather small claim on our equity capital base. If the Board suspended the dividend, it would be out of extreme prudence and based upon continued uncertainty over what the next few years will bring,” Dimon said. Dimon highlighted several other challenges
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- 10/14/25 - Beat
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- JPM's page on the SEC website