CC Japan Income & Growth (LON:CCJI) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of CC Japan Income & Growth (LON:CCJI) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 187.55 ($2.36) and traded as high as GBX 188.15 ($2.37). CC Japan Income & Growth shares last traded at GBX 186.94 ($2.35), with a volume of 286,574 shares.

CC Japan Income & Growth Stock Performance

The company has a market capitalization of £251.41 million and a price-to-earnings ratio of 4.14. The company’s fifty day simple moving average is GBX 187.46 and its two-hundred day simple moving average is GBX 185.80.

CC Japan Income & Growth (LON:CCJI) last posted its earnings results on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share (EPS) for the quarter. CC Japan Income & Growth had a net margin of 95.50% and a return on equity of 22.45%.

CC Japan Income & Growth Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a dividend of GBX 3.85 ($0.05) per share. This represents a yield of 2.03%. This is a positive change from CC Japan Income & Growth’s previous dividend of $1.60. The ex-dividend date is Thursday, January 30th. CC Japan Income & Growth’s payout ratio is presently 11.06%.

CC Japan Income & Growth Company Profile

The investment objective of the Company is to provide Shareholders with dividend income combined with capital growth, mainly through investment in equities listed or quoted in Japan.