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

JPMorgan Emerging Markets (LON:JMG) hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The company 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. Shareholders of record on Thursday, October 10th will be issued a GBX 1.30 ($0.02) dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 10th. This is a positive change from JPMorgan Emerging Markets’s previous dividend of $0.60. JPMorgan Emerging Markets’s payout ratio is currently 10,000.00%.

JPMorgan Emerging Markets Stock Performance

The stock’s 50-day moving average price is GBX 107.62 and its 200-day moving average price is GBX 106.16. The company has a market capitalization of £1.22 billion, a price-to-earnings 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.