How Many Shares Of JPMorgan Chase & Co Do You Need To Earn $100 Per Month In Dividend Income?

If you’re looking for a reliable dividend-paying stock, JPMorgan Chase & Co JPM might be a great choice. As one of the largest financial institutions in the world, JPMorgan Chase has a strong track record of consistently paying and increasing dividends over the years. But just how many shares would you need to own to generate a steady $100 per month in dividend income?

Let’s crunch the numbers. JPMorgan Chase currently pays an annual dividend of $4.60 per share, which translates to a yield of 2.4% based on the current stock price. The company recently increased its quarterly dividend from $1.10 per share to $1.15, with the first dividend at the higher rate having an ex-dividend date of April 4, 2024, and a payment date of April 30, 2024.

To earn $100 per month, or $1,200 per year, in dividend income from JPMorgan Chase, you would need to own approximately 261 shares (rounded up from 260.869). At the current stock price of $194 per share, that would require a total investment of $50,634.

Should You Buy JPMorgan Chase for Passive Income?

While a $50,000+ investment might seem steep for some investors, it’s important to note that JPMorgan Chase has a strong history of dividend growth. The company has increased its dividend for nine consecutive years, with a 10-year dividend growth rate of 10.83%. This suggests that investors who buy and hold JPMorgan Chase stock for the long term could see their dividend income grow substantially over time.

In addition to its attractive dividend, JPMorgan Chase also has a favorable outlook from analysts. The stock has a consensus price target of $156.92, based on the 100 latest analyst ratings. The three most recent ratings, from UBS, Morgan Stanley, and Piper Sandler in mid-April 2024, have an average price target of $216.67, implying an 11.59% upside from current levels.

JPMorgan Chase’s first-quarter 2024 earnings, released on April 12, 2024, showcased the company’s financial strength and resilience. The bank reported net income of $13.4 billion, or $14.0 billion excluding a $725 million increase to the FDIC special assessment, on revenue of $42.5 billion. The company’s return on tangible common equity was an impressive 21%, and its CET1 capital ratio remained robust at 15.0%.

In the earnings release, CEO Jamie Dimon praised the bank’s “strong results” and “peer-leading returns,” noting that the company’s “exceptionally high CET1 capital ratio and peer-leading returns provide us with the capacity and flexibility to both reinvest for growth and maintain an attractive capital-return profile, without compromising our fortress balance sheet.”

Looking for Higher Yield Opportunities?

While JPMorgan Chase offers a solid and growing dividend, some investors may be seeking higher yields to achieve their income goals with a smaller investment. One alternative to consider is Alpine Basecamp Notes from EquityMultiple, a real estate investment platform that offers short-term, high-yield investment opportunities.

Alpine Basecamp Notes are exclusive to first-time investors on the EquityMultiple platform and offer a target APY of 9.00% over a 3-month term with a minimum investment of just $1,000. These notes are backed by specific real estate investments and offer investors a powerful cash management tool with high liquidity and no fees.

Since its inception, the Alpine Note has been EquityMultiple’s most popular offering, particularly for first-time investors. To date, the platform has issued 61 Alpine Note series to over 1,500 investors, meeting all payment and funding obligations with no missed or late interest payments. Impressively, over 79% of investors choose to reinvest in Alpine Notes.

One unique feature of Alpine Basecamp Notes is the first loss protection, which means that EquityMultiple invests in each note behind its investors. In the unlikely event of a default, EquityMultiple would lose 100% of its investment before investors lose a single dollar, aligning the platform’s interests with those of its investors.

See how much you could be earnings with Alpine Notes. 

While Alpine Basecamp Notes offer an attractive yield and short-term liquidity, it’s essential for investors to understand the risks associated with any investment opportunity. As with all investments, thorough due diligence and consideration of one’s risk tolerance and financial goals are crucial.

While JPMorgan Chase is a solid choice for dividend investors, generating a significant income stream requires a substantial upfront investment. For those seeking higher yields and shorter investment terms, Alpine Basecamp Notes from EquityMultiple provide an intriguing alternative. As always, diversification and careful evaluation of investment opportunities are key to building a robust, income-generating portfolio.