JPMorgan European Discovery (LON:JEDT) Raises Dividend to GBX 8 Per Share

JPMorgan European Discovery (LON:JEDT) declared a dividend on Thursday, June 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 8 ($0.10) per share on Friday, August 2nd. This represents a yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from JPMorgan European Discovery’s previous dividend of $2.50. The official announcement can be viewed at this link.

JPMorgan European Discovery Trading Down 0.2 %

JEDT traded down GBX 1 ($0.01) during midday trading on Wednesday, reaching GBX 459 ($5.82). 318,792 shares of the company were exchanged, compared to its average volume of 285,643. The company has a debt-to-equity ratio of 11.04, a quick ratio of 1.00 and a current ratio of 0.66. JPMorgan European Discovery has a one year low of GBX 352.68 ($4.47) and a one year high of GBX 488.50 ($6.20). The stock has a market capitalization of £668.03 million, a P/E ratio of 2,555.56 and a beta of 1.23. The stock’s 50-day simple moving average is GBX 471.47 and its 200 day simple moving average is GBX 445.52.

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.