JPMorgan Global Growth & Income (LON:JGGI) Hits New 12-Month High After Dividend Announcement

JPMorgan Global Growth & Income (LON:JGGI) shares hit a new 52-week high on Wednesday following a dividend announcement from the company. The company traded as high as GBX 580 ($7.34) and last traded at GBX 578.15 ($7.31), with a volume of 637313 shares changing hands. The stock had previously closed at GBX 577 ($7.30).

The newly announced dividend which will be paid on Monday, October 7th. Shareholders of record on Thursday, August 29th will be issued a dividend of GBX 5.70 ($0.07) per share. This represents a yield of 0.99%. This is a boost from JPMorgan Global Growth & Income’s previous dividend of $4.61. The ex-dividend date is Thursday, August 29th. JPMorgan Global Growth & Income’s dividend payout ratio is 2,068.97%.

JPMorgan Global Growth & Income Stock Performance

The firm’s fifty day moving average price is GBX 558.48 and its 200-day moving average price is GBX 540.37. The company has a market cap of £2.76 billion, a P/E ratio of 665.52 and a beta of 0.64. The company has a current ratio of 30.12, a quick ratio of 5.88 and a debt-to-equity ratio of 6.71.

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.