JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 84.80 ($1.05) and last traded at GBX 134 ($1.66), with a volume of 661305 shares traded. The stock had previously closed at GBX 132 ($1.64).
JPMorgan Global Emerg Mkts Trading Up 0.7 %
The firm has a market capitalization of £403.90 million and a P/E ratio of -3,412.50. The firm has a 50 day moving average price of GBX 133.53 and a 200-day moving average price of GBX 133.68.
JPMorgan Global Emerg Mkts (LON:JEMI - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported GBX 5.64 ($0.07) earnings per share for the quarter.
JPMorgan Global Emerg Mkts Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, December 12th were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a dividend yield of 0.76%. JPMorgan Global Emerg Mkts's dividend payout ratio (DPR) is -12,500.00%.
Insider Buying and Selling
In other news, insider Mark Edwards purchased 10,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of GBX 133 ($1.65) per share, for a total transaction of £13,300 ($16,491.01). 3.65% of the stock is currently owned by insiders.
About JPMorgan Global Emerg Mkts
(
Get Free Report)
JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.
Key points:
Expertise - Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio - Focused on finding sustainable businesses that have good dividend growth prospects.
Results - Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.
Why invest in this trust
The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.
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