JPMorgan Emerging Markets (LON:JMG) Hits New 12-Month High at $111.80

JPMorgan Emerging Markets (LON:JMG) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 111.80 ($1.50) and last traded at GBX 110.60 ($1.48), with a volume of 1446598 shares trading hands. The stock had previously closed at GBX 110.80 ($1.48).

JPMorgan Emerging Markets Stock Performance

The stock has a market cap of £1.23 billion, a price-to-earnings ratio of 5,529.55 and a beta of 0.62. The company’s 50 day simple moving average is GBX 107.70 and its two-hundred day simple moving average is GBX 106.27.

JPMorgan Emerging Markets Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date is Thursday, October 10th. This is an increase from JPMorgan Emerging Markets’s previous dividend of $0.60. This represents a dividend yield of 1.2%. JPMorgan Emerging Markets’s dividend payout ratio is 10,000.00%.

About JPMorgan Emerging Markets

JPMorgan Emerging Markets Investment Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in public equity markets across global emerging markets. The fund seeks to invest in stocks of companies operating across diversified sectors.