Alexandra Mackesy Buys 7,375 Shares of JPMorgan China Growth & Income plc (LON:JCGI) Stock

JPMorgan China Growth & Income plc (LON:JCGI) insider Alexandra Mackesy bought 7,375 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of GBX 267 ($3.37) per share, with a total value of £19,691.25 ($24,850.14).

JPMorgan China Growth & Income Stock Performance

Shares of LON:JCGI traded down GBX 3 ($0.04) during midday trading on Tuesday, hitting GBX 257 ($3.24). The company’s stock had a trading volume of 380,819 shares, compared to its average volume of 262,959. JPMorgan China Growth & Income plc has a 12-month low of GBX 182 ($2.30) and a 12-month high of GBX 281 ($3.55). The company has a market cap of £214.71 million, a P/E ratio of 34.00 and a beta of 0.47. The business’s 50 day simple moving average is GBX 230.57 and its 200 day simple moving average is GBX 221.32.

JPMorgan China Growth & Income (LON:JCGI) last released its earnings results on Monday, December 9th. The company reported GBX 3.39 ($0.04) earnings per share for the quarter. JPMorgan China Growth & Income had a net margin of 72.25% and a return on equity of 2.99%.

JPMorgan China Growth & Income Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 16th will be paid a dividend of GBX 2.73 ($0.03) per share. This represents a yield of 1.27%. The ex-dividend date is Thursday, January 16th. JPMorgan China Growth & Income’s dividend payout ratio (DPR) is currently 145.51%.

JPMorgan China Growth & Income Company Profile

Strategic thinking for Chinese markets
JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.
Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust
The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.