Shares of JPMorgan Chase & Co’s 4.55% Dep Shares Non-Cumulative Preferred Stock Series JJ (JPM.PRK) were yielding above 5.5% based on its quarterly dividend, trading as low as $20.63 with a 16.20% discount to its liquidation preference amount. The shares are not cumulative, meaning missed payments do not need to be paid back. In trading on Tuesday, JPM.PRK was down 1.4%, while common shares (JPM) were down 0.3%. Investors should note the performance differences between the two. The average yield for financial preferred stocks is 6.43%, highlighting JPM.PRK’s current yield.

Read more at Nasdaq: JPMorgan Chase’s Preferred Stock Series JJ Shares Cross 5.5% Yield Mark