Dimon says trading loss shouldn't affect dividend

JPMorgan CEO Dimon says trading loss shouldn't affect stock dividend

Associated Press

TAMPA, Fla. (AP) -- JPMorgan Chase CEO Jamie Dimon says he does not expect the company's stock dividend to be jeopardized by the bank's $2 billion trading loss.

At the JPMorgan annual meeting in Tampa, Dimon said Tuesday that the company is strong and profitable. He says he won't "make light of a $2 billion problem," but says the company has a "fortress balance sheet."

JPMorgan pays a quarterly dividend of 30 cents per share.

He says the board makes decisions about dividend changes but adds: "We don't see any reason that it would be needed."

Rates

View Comments (1)