JPMorgan Global Growth & Income (LON:JGGI) Reaches New 1-Year High – Here’s What Happened

JPMorgan Global Growth & Income (LON:JGGI) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 609 ($7.51) and last traded at GBX 607.28 ($7.49), with a volume of 589401 shares trading hands. The stock had previously closed at GBX 602 ($7.42).

JPMorgan Global Growth & Income Stock Up 0.9 %

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 has a 50 day simple moving average of GBX 588.79 and a 200 day simple moving average of GBX 571.66. The stock has a market cap of £2.99 billion, a PE ratio of 698.04 and a beta of 0.61.

JPMorgan Global Growth & Income Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, January 6th. Investors of record on Thursday, November 21st were issued a GBX 5.70 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 0.96%. JPMorgan Global Growth & Income’s dividend payout ratio is currently 2,643.68%.

Insider Activity at JPMorgan Global Growth & Income

In related news, insider Sarah Whitney acquired 3,882 shares of the stock in a transaction dated Friday, October 25th. The shares were acquired at an average price of GBX 576 ($7.10) per share, with a total value of £22,360.32 ($27,567.90). Insiders own 7.92% of the company’s stock.

About JPMorgan Global Growth & Income

A distinctive strategy for today’s markets
JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world’s stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year.

Key points:
Expertise – Tapping into the local proprietary analysis of JPMorgan’s award winning and experienced global research team.
Portfolio – A global best ideas – go anywhere – portfolio, with the manager focused on identifying companies that will provide the best total returns.
Results – Provides the best of both worlds – predictable quarterly income and long-term growth from the best global ideas.