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i3 Verticals announced on 9 October 2026 that its subsidiary, i3 Verticals, LLC, secured a $350 million senior secured revolving credit facility with JPMorgan Chase Bank as administrative agent. The agreement replaces a previous credit facility dated 8 May 2023. The facility includes an accordion feature allowing additional commitments up to $100 million or 100% of consolidated EBITDA. Interest rates are based on either base rate or Term SOFR Rate, with margins ranging from 0.50% to 1.50% for base rate loans and 1.50% to 2.50% for Term Benchmark Loans. The borrower must maintain a consolidated interest coverage ratio of at least 3.00 to 1.00 and a consolidated total net leverage ratio not exceeding 4.00 to 1.00. All obligations are guaranteed by i3 Verticals and its material wholly owned domestic subsidiaries.

JPMorgan Chase named top Dow Dividend Stock as valuation and profitability stand out. By Joel Kornblau, Editor, Dividend Channel, Friday, October 9, 2026, 11:15 AM ET JPMorgan Chase & Co (JPM) has been identified as the "Top Dividend Stock of the Dow" in the latest Dividend Channel DividendRank report, which highlighted the bank's combination of dividend yield, profitability, and valuation relative to other dividend-paying members of the Dow Jones Industrial Average. The designation centers on two core points: JPMorgan's 2.0% dividend yield and a valuation profile that screens favorably against many large-cap peers in the index. At a recent share price of $331.42, JPM traded at 2.5 times book value and offered an annual dividend yield of 2.0%. Dividend Channel noted that, by comparison, the average dividend-paying stock in the Dow yielded 1.8% and traded at a price-to-book ratio of 11.1. The report also pointed to JPMorgan's long record of quarterly dividend payments and multi-year growth in key operating fundamentals. Why JPMorgan screens well on dividend metrics. The report emphasized a value-oriented dividend framework that favors companies with both strong underlying business performance and reasonable valuation multiples. In that context, JPMorgan stands out because bank stocks are often assessed differently from industrial, technology, or consumer names in the Dow. For financial institutions, price-to-book value remains a commonly referenced metric because balance sheet strength, capital returns, and return on equity are central to long-term shareholder outcomes. A lower price-to-book ratio than the broader Dow average does not automatically make a stock cheap, but it can signal a more grounded valuation relative to fundamentals. For a large bank such as JPMorgan, that matters because investors typically evaluate earnings power, capital adequacy, credit quality, and the sustainability of distributions together rather than in isolation. The report stated, "Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research." What supports JPMorgan's dividend profile. JPMorgan's dividend case is supported by more than headline yield. Several factors tend to matter when evaluating a bank's dividend durability: * Earnings capacity: Large diversified banks generate revenue from consumer banking, commercial banking, investment banking, payments, and asset and wealth management. * Capital strength: Bank dividends are closely tied to regulatory capital requirements and stress-test outcomes. * Dividend history: A long record of regular quarterly payments can indicate management commitment to capital returns across cycles. * Profitability: Strong returns on capital and consistent net income support both dividend payments and share repurchases. JPMorgan is one of the largest and most diversified banking franchises in the United States, which can help offset weakness in any single business line. That diversification does not eliminate cyclical risk, but it can improve resilience when credit conditions tighten or capital markets activity slows. Dividend history remains a key reference point. The current annualized dividend paid by JPMorgan Chase & Co is $6.6/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/06/2026. Below is a long-term dividend history chart for JPM, which the report stressed as being of key importance. A company's dividend history can provide useful context when assessing the consistency of payouts over time, particularly for businesses whose earnings and capital return policies are influenced by economic and credit cycles. For banks in particular, dividend history should be read alongside broader context. Payouts can be affected by loan losses, interest-rate changes, regulatory capital constraints, and shifts in credit demand. As a result, a stable or growing dividend history is most meaningful when it is paired with strong balance-sheet quality and disciplined capital management. How JPMorgan compares within the Dow. The Dow Jones Industrial Average dates back to 1896 and remains one of the most closely followed benchmarks for large U.S. companies. Because the index includes businesses from a wide range of sectors, income comparisons within the Dow can be somewhat uneven. Utilities, healthcare companies, industrial firms, consumer staples businesses, and banks operate under different capital structures and valuation norms. That makes JPMorgan's placement notable. Its dividend yield is modest in absolute terms compared with traditional high-yield sectors, but within the Dow it is paired with profitability and valuation measures that screened well in the DividendRank methodology. In other words, the appeal is not yield alone; it is the combination of current income, franchise strength, and relative valuation. Key takeaways. * JPMorgan Chase & Co was named the "Top Dividend Stock of the Dow" by Dividend Channel. * At the cited price of $331.42, the stock offered a 2.0% annual dividend yield. * The report highlighted a 2.5 price-to-book ratio, versus 11.1 for the average dividend-paying Dow stock. * The company's quarterly dividend record and long-term fundamental growth were identified as supporting factors. * For dividend-focused analysis, JPMorgan's appeal rests on the interaction of valuation, profitability, and capital return capacity. The next step is comparison: open The Top 10 DividendRank'ed DJIA Components to see other dividend names showing similar signals.