JPMorgan European Discovery (LON:JEDT) Stock Price Up 0.9%

JPMorgan European Discovery (LON:JEDT) shares shot up 0.9% during mid-day trading on Thursday . The stock traded as high as GBX 465.50 ($5.96) and last traded at GBX 465 ($5.96). 233,031 shares were traded during mid-day trading, a decline of 20% from the average session volume of 290,593 shares. The stock had previously closed at GBX 461 ($5.90).

JPMorgan European Discovery Trading Up 0.9 %

The company has a 50-day simple moving average of GBX 470.46 and a 200-day simple moving average of GBX 448.94. The company has a debt-to-equity ratio of 11.04, a quick ratio of 1.00 and a current ratio of 0.66. The stock has a market cap of £676.76 million, a P/E ratio of 2,583.33 and a beta of 1.23.

JPMorgan European Discovery Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be given a GBX 8 ($0.10) dividend. This is an increase from JPMorgan European Discovery’s previous dividend of $2.50. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 1.75%. JPMorgan European Discovery’s payout ratio is presently 5,555.56%.

About JPMorgan European Discovery

JPMorgan European Smaller Companies 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 the public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.