JPMorgan Global Growth & Income (LON:JGGI) Sets New 12-Month High Following Dividend Announcement

JPMorgan Global Growth & Income (LON:JGGI) hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 580 ($7.34) and last traded at GBX 578.15 ($7.31), with a volume of 637313 shares changing hands. The stock had previously closed at GBX 577 ($7.30).

The newly announced dividend which will be paid on Monday, October 7th. Shareholders of record on Thursday, August 29th will be given a dividend of GBX 5.70 ($0.07) per share. This is a positive change from JPMorgan Global Growth & Income’s previous dividend of $4.61. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 29th. JPMorgan Global Growth & Income’s dividend payout ratio is presently 2,068.97%.

JPMorgan Global Growth & Income Stock Performance

The stock’s 50-day moving average price is GBX 557.90 and its 200-day moving average price is GBX 540.10. The company has a market capitalization of £2.76 billion, a price-to-earnings ratio of 663.22 and a beta of 0.64. The company has a debt-to-equity ratio of 6.71, a quick ratio of 5.88 and a current ratio of 30.12.

JPMorgan Global Growth & Income Company Profile

JPMorgan Global Growth & Income plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations, with a bias towards large cap companies.