JPMorgan Chase & Co. (NYSE: JPM) announced today that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase (NYSE: JPM/WS), the warrant Exercise Price will be reduced to $41.764 per share from $41.834 per share, and the Warrant Share Number will be increased to 1.02 from 1.01, effective as of the close of business on January 5, 2018.
These adjustments resulted from the declaration by the Board of Directors of JPMorgan Chase on December 11, 2017 of a quarterly dividend of $0.56 per share on the outstanding shares of the Firm’s common stock. The dividend is payable on January 31, 2018, to stockholders of record at the close of business on January 5, 2018.