JPMorgan Emerging Markets (LON:JMG) Reaches New 1-Year High After Dividend Announcement

JPMorgan Emerging Markets (LON:JMG)’s stock price hit a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as GBX 111.60 ($1.49) and last traded at GBX 111.20 ($1.49), with a volume of 1931889 shares. The stock had previously closed at GBX 108 ($1.45).

The newly announced dividend which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be given a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 1.2%. This is a positive change from JPMorgan Emerging Markets’s previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, October 10th. JPMorgan Emerging Markets’s payout ratio is presently 10,000.00%.

JPMorgan Emerging Markets Price Performance

The business has a fifty day moving average of GBX 107.54 and a 200 day moving average of GBX 106.09. The stock has a market cap of £1.22 billion, a PE ratio of 5,560.00 and a beta of 0.62.

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.