JPMorgan Emerging Markets (LON:JMG) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

JPMorgan Emerging Markets (LON:JMG)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 108.26 ($1.41) and traded as high as GBX 109.20 ($1.42). JPMorgan Emerging Markets shares last traded at GBX 108.80 ($1.42), with a volume of 2,921,825 shares traded.

JPMorgan Emerging Markets Stock Down 0.6 %

The stock has a market cap of £1.19 billion, a P/E ratio of 5,440.00 and a beta of 0.62. The company’s 50 day moving average price is GBX 108.26 and its two-hundred day moving average price is GBX 107.29.

JPMorgan Emerging Markets Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be given a dividend of GBX 1.30 ($0.02) per share. This is an increase from JPMorgan Emerging Markets’s previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 1.2%. JPMorgan Emerging Markets’s dividend payout ratio is presently 10,000.00%.

JPMorgan Emerging Markets Company Profile

JPMorgan Emerging Markets Investment 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 public equity markets across global emerging markets. The fund seeks to invest in stocks of companies operating across diversified sectors.