JPMorgan China Growth & Income (LON:JCGI) Reaches New 52-Week High Following Dividend Announcement

JPMorgan China Growth & Income plc (LON:JCGI)’s share price reached a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as GBX 264 ($3.53) and last traded at GBX 256 ($3.42), with a volume of 956965 shares trading hands. The stock had previously closed at GBX 240.50 ($3.22).

The newly announced dividend which will be paid on Monday, December 2nd. Stockholders of record on Thursday, October 17th will be given a dividend of GBX 2.73 ($0.04) per share. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, October 17th. JPMorgan China Growth & Income’s dividend payout ratio is presently -956.52%.

JPMorgan China Growth & Income Stock Up 6.4 %

The company has a market capitalization of £212.99 million, a PE ratio of -228.47 and a beta of 0.47. The stock’s fifty day moving average is GBX 196.78 and its two-hundred day moving average is GBX 214.18. The company has a current ratio of 2.19, a quick ratio of 11.22 and a debt-to-equity ratio of 4.74.

About JPMorgan China Growth & Income

JPMorgan China Growth & Income plc is a close-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 the public equity markets of the Greater China region. The fund seeks to invest in stocks of companies operating across diversified sectors.