7 Cheap Quarterly Dividend Stocks to Invest in

5. JPMorgan Chase & Co. (NYSE:JPM)

Forward P/E Ratio: 14.49

JPMorgan Chase & Co. (NYSE:JPM) ranks fifth on our list of the best cheap quarterly dividend stocks to buy now. The American investment bank and financial services company offers commercial banking, financial transaction processing, and asset management. The company has found significant success by focusing on investment banking and wealth management. In Q4 2024, investment banking fees jumped 49% compared to the previous year, driven by high client engagement. At the same time, the Asset & Wealth Management division saw a 25% increase in net income, reaching $1.5 billion, thanks to record client inflows that raised assets under management.

JPMorgan Chase & Co. (NYSE:JPM) had an excellent performance in 2024, reaching a record annual profit of $58.5 billion, a rise of 18% compared to the previous year. This growth was mainly fueled by the bank’s dealmakers and traders taking advantage of a market recovery in the fourth quarter. However, its net interest income (NII) dropped by 3% year-over-year to $23.5 billion in Q4 2024, marking the first decline since 2021.

JPMorgan Chase & Co. (NYSE:JPM) has outperformed the market by a wide gap in the past 12 months, delivering a 52.7% return to shareholders. The company is recognized as one of the leading dividend stocks, having reliably paid dividends to its shareholders since 1972. Reflecting its dedication to returning value to investors, the company paid out $3.5 billion in dividends in the most recent quarter. Its quarterly dividend comes in at $1.25 per share and has a dividend yield of 1.86%, as of January 30.

Insider Monkey’s database of Q3 2024 showed that 105 hedge funds held stakes in JPMorgan Chase & Co. (NYSE:JPM), compared with 111 in the previous quarter. The total value of these stakes is over $8.6 billion.