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 Monday . The stock traded as high as GBX 596 ($7.55) and last traded at GBX 596 ($7.55), with a volume of 1193765 shares traded. The stock had previously closed at GBX 591 ($7.49).

JPMorgan Global Growth & Income Stock Performance

The stock’s 50 day moving average price is GBX 575.31 and its two-hundred day moving average price is GBX 564.89. The company has a current ratio of 30.12, a quick ratio of 5.88 and a debt-to-equity ratio of 6.71. The firm has a market capitalization of £2.95 billion, a price-to-earnings ratio of 685.06 and a beta of 0.61.

JPMorgan Global Growth & Income Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 5.70 ($0.07) per share. The ex-dividend date is Thursday, November 21st. This represents a yield of 0.96%. JPMorgan Global Growth & Income’s payout ratio is currently 2,643.68%.

Insider Activity

In other JPMorgan Global Growth & Income news, insider Sarah Whitney acquired 3,882 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average cost of GBX 576 ($7.30) per share, for a total transaction of £22,360.32 ($28,332.89). Insiders own 7.92% of the company’s stock.

JPMorgan Global Growth & Income Company Profile

JPMorgan Global Growth & Income plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations, with a bias towards large cap companies.