JPMorgan Global Growth & Income (LON:JGGI) Sets New 1-Year High – What’s Next?

JPMorgan Global Growth & Income (LON:JGGI) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 593 ($7.63) and last traded at GBX 590 ($7.59), with a volume of 2032058 shares traded. The stock had previously closed at GBX 589 ($7.58).

JPMorgan Global Growth & Income Price Performance

The company has a debt-to-equity ratio of 6.71, a current ratio of 30.12 and a quick ratio of 5.88. The stock’s fifty day simple moving average is GBX 562.77 and its 200-day simple moving average is GBX 561.51. The stock has a market cap of £2.93 billion, a P/E ratio of 682.10 and a beta of 0.61.

JPMorgan Global Growth & Income Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, November 21st will be issued a GBX 5.70 ($0.07) dividend. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st. JPMorgan Global Growth & Income’s dividend payout ratio (DPR) is 2,643.68%.

Insider Activity at JPMorgan Global Growth & Income

In other news, insider Sarah Whitney acquired 3,882 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average cost of GBX 576 ($7.41) per share, for a total transaction of £22,360.32 ($28,774.06). Insiders own 7.92% of the company’s stock.

About JPMorgan Global Growth & Income

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.