JPMorgan Global Growth & Income (LON:JGGI) Stock Price Up 1.1%

JPMorgan Global Growth & Income (LON:JGGI) shares shot up 1.1% during mid-day trading on Friday . The stock traded as high as GBX 555 ($7.26) and last traded at GBX 552 ($7.22). 760,043 shares traded hands during trading, a decline of 35% from the average session volume of 1,164,620 shares. The stock had previously closed at GBX 546 ($7.14).

JPMorgan Global Growth & Income Stock Performance

The firm’s 50 day simple moving average is GBX 559.26 and its 200-day simple moving average is GBX 557.17. The company has a market cap of £2.72 billion, a price-to-earnings ratio of 634.48 and a beta of 0.61. The company has a debt-to-equity ratio of 6.71, a quick ratio of 5.88 and a current ratio of 30.12.

JPMorgan Global Growth & Income Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 7th. Investors of record on Thursday, August 29th will be paid a dividend of GBX 5.70 ($0.07) per share. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 29th. This is a boost from JPMorgan Global Growth & Income’s previous dividend of $4.61. JPMorgan Global Growth & Income’s dividend payout ratio is currently 2,643.68%.

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.