JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 134.05 ($1.69) and traded as high as GBX 136 ($1.72). JPMorgan Global Emerg Mkts shares last traded at GBX 136 ($1.72), with a volume of 832,811 shares trading hands.
JPMorgan Global Emerg Mkts Stock Up 1.8 %
The firm has a market cap of £383.99 million and a PE ratio of 15.61. The company's 50 day moving average price is GBX 134.27 and its two-hundred day moving average price is GBX 133.63.
JPMorgan Global Emerg Mkts Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, December 12th were paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.76%. The ex-dividend date was Thursday, December 12th. JPMorgan Global Emerg Mkts's dividend payout ratio is currently 56.58%.
Insider Activity
In related news, insider Mark Edwards purchased 10,000 shares of JPMorgan Global Emerg Mkts stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of GBX 133 ($1.68) per share, with a total value of £13,300 ($16,780.22). Insiders own 3.65% of the company's stock.
About JPMorgan Global Emerg Mkts
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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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