JPMorgan Global Emerg Mkts Inc (LON:JEMI) to Issue Dividend Increase – GBX 2.40 Per Share

JPMorgan Global Emerg Mkts Inc (LON:JEMI) announced a dividend on Thursday, September 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 12th will be paid a dividend of GBX 2.40 ($0.03) per share on Friday, October 18th. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, September 12th. This is a positive change from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. The official announcement can be accessed at this link.

JPMorgan Global Emerg Mkts Stock Performance

Shares of JEMI opened at GBX 130.89 ($1.72) on Friday. The business has a 50-day moving average of GBX 134.25 and a 200 day moving average of GBX 133.49. JPMorgan Global Emerg Mkts has a fifty-two week low of GBX 116 ($1.53) and a fifty-two week high of GBX 142.50 ($1.87). The firm has a market cap of £387.30 million and a P/E ratio of -3,298.75.

Insider Buying and Selling

In related news, insider Lucy Macdonald purchased 15,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of GBX 126 ($1.66) per share, with a total value of £18,900 ($24,852.07). In related news, insider Lucy Macdonald purchased 15,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of GBX 126 ($1.66) per share, for a total transaction of £18,900 ($24,852.07). Also, insider Ranjan Ramparia purchased 10,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was purchased at an average cost of GBX 133 ($1.75) per share, for a total transaction of £13,300 ($17,488.49). 3.65% of the stock is owned by insiders.

About JPMorgan Global Emerg Mkts

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.