JPMorgan to Go Ex-Dividend On Tuesday and 2 Other Hot Stocks to Watch
JPMorgan Chase & Co. (NYSE:JPM): Current price $53.33
Shares of the American megabank go ex-dividend on Tuesday, July 2. Stockholders as of the market close on Monday will be eligible for a dividend of 38 cents per share. Based on a price of $53.32 as of 9:30 a.m. Eastern Time, the dividend yield is 2.9 percent. During the past 30 days, the average volume for JPMorgan Chase has been at 23.2 million shares per day, and shares are up by 20.1 percent in 2013 as of the close on Friday.
Ford Motor Company (NYSE:F): Current price $15.72
The U.S. National Highway Traffic Safety Administration has closed an inquiry into defective engine cables in over 467,000 Ford Taurus and Mercury Sable automobiles, after Ford promised to repair the problem without issuing a recall. Documents filed this week indicated that damaged speed control cables on Taurus and Sable vehicles from the 2000 through 2003 model years having Duratec engines failed to enable the driver to brake properly. The cables may become damaged during underhood maintenance, like replacing the battery or changing the air filter.
Dell (NASDAQ:DELL): Current price $13.34
Knowledgeable sources said Monday that Carl Icahn has secured $5.2 billion in financing from banks and institutional investors, to be used in his offer for Dell. It was necessary for Icahn to obtain the financing in order to counter a $24.4-billion bid from Michael Dell and Silver Lake Partners for the computer maker.