JPMorgan China Growth & Income (LON:JCGI) Sets New 52-Week High After Dividend Announcement

JPMorgan China Growth & Income plc (LON:JCGI) shares hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as GBX 264 ($3.53) and last traded at GBX 256 ($3.42), with a volume of 956965 shares changing hands. The stock had previously closed at GBX 240.50 ($3.22).

The newly announced dividend which will be paid on Monday, December 2nd. Investors of record on Thursday, October 17th will be paid a GBX 2.73 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 1.14%. JPMorgan China Growth & Income’s payout ratio is -956.52%.

JPMorgan China Growth & Income Trading Up 1.6 %

The company has a debt-to-equity ratio of 4.74, a current ratio of 2.19 and a quick ratio of 11.22. The business’s 50 day simple moving average is GBX 199.07 and its 200 day simple moving average is GBX 214.80. The stock has a market cap of £216.32 million, a P/E ratio of -226.09 and a beta of 0.47.

JPMorgan China Growth & Income Company Profile

JPMorgan China Growth & Income plc is a close-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 the Greater China region. The fund seeks to invest in stocks of companies operating across diversified sectors.