JPMorgan Global Emerg Mkts (LON:JEMI) Stock Price Passes Above 50-Day Moving Average of $132.59

JPMorgan Global Emerg Mkts Inc (LON:JEMI) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 132.59 ($1.75) and traded as high as GBX 134.50 ($1.78). JPMorgan Global Emerg Mkts shares last traded at GBX 130 ($1.72), with a volume of 238,585 shares.

JPMorgan Global Emerg Mkts Price Performance

The company has a market capitalization of £384.67 million and a P/E ratio of -3,250.00. The firm has a fifty day moving average price of GBX 132.59 and a 200-day moving average price of GBX 133.44.

JPMorgan Global Emerg Mkts Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 12th will be given a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. This represents a dividend yield of 1.83%. JPMorgan Global Emerg Mkts’s dividend payout ratio (DPR) is currently -12,500.00%.

Insider Transactions at JPMorgan Global Emerg Mkts

In related news, insider Lucy Macdonald bought 15,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of GBX 126 ($1.66) per share, for a total transaction of £18,900 ($24,966.97). Company insiders own 3.65% of the company’s stock.

JPMorgan Global Emerg Mkts Company Profile

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