JPMorgan Global Growth & Income (LON:JGGI) Trading Down 0.2% – What’s Next?

JPMorgan Global Growth & Income (LON:JGGI) was down 0.2% during mid-day trading on Monday . The company traded as low as GBX 577 ($7.23) and last traded at GBX 579 ($7.26). Approximately 541,052 shares changed hands during trading, a decline of 54% from the average daily volume of 1,176,279 shares. The stock had previously closed at GBX 579.95 ($7.27).

JPMorgan Global Growth & Income Price Performance

The company has a debt-to-equity ratio of 6.71, a current ratio of 30.12 and a quick ratio of 5.88. The business’s 50 day moving average price is GBX 584.19 and its 200 day moving average price is GBX 568.26. The stock has a market capitalization of £2.89 billion, a P/E ratio of 673.56 and a beta of 0.61.

JPMorgan Global Growth & Income Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, November 21st will be given a GBX 5.70 ($0.07) dividend. This represents a yield of 0.96%. The ex-dividend date is Thursday, November 21st. JPMorgan Global Growth & Income’s dividend payout ratio (DPR) is presently 2,643.68%.

Insider Activity

In other JPMorgan Global Growth & Income news, insider Sarah Whitney acquired 3,882 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of GBX 576 ($7.22) per share, with a total value of £22,360.32 ($28,030.99). Insiders own 7.92% of the company’s stock.

JPMorgan Global Growth & Income Company Profile

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.