JPMorgan Global Emerg Mkts (LON:JEMI) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 133.71 ($1.72) and traded as high as GBX 134.52 ($1.73). JPMorgan Global Emerg Mkts shares last traded at GBX 133 ($1.71), with a volume of 305,129 shares trading hands.

JPMorgan Global Emerg Mkts Stock Up 0.2 %

The stock has a market capitalization of £394.38 million and a P/E ratio of -3,325.00. The stock has a 50 day simple moving average of GBX 133.71 and a two-hundred day simple moving average of GBX 134.36.

JPMorgan Global Emerg Mkts Increases Dividend

The company also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were issued a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 1.83%. This is a boost from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. The ex-dividend date of this dividend was Thursday, September 12th. JPMorgan Global Emerg Mkts’s dividend payout ratio is presently -12,500.00%.

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.