JPMorgan Emerging Markets (LON:JMG) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

JPMorgan Emerging Markets (LON:JMG)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 108.26 ($1.41) and traded as high as GBX 109.20 ($1.42). JPMorgan Emerging Markets shares last traded at GBX 108.80 ($1.42), with a volume of 2,921,825 shares traded.

JPMorgan Emerging Markets Stock Performance

The firm’s 50 day moving average is GBX 108.26 and its 200 day moving average is GBX 107.29. The stock has a market cap of £1.19 billion, a P/E ratio of 5,440.00 and a beta of 0.62.

JPMorgan Emerging Markets Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be issued a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 10th. This is a positive change from JPMorgan Emerging Markets’s previous dividend of $0.60. JPMorgan Emerging Markets’s dividend payout ratio is currently 10,000.00%.

JPMorgan Emerging Markets Company Profile

JPMorgan Emerging Markets Investment Trust plc is a closed 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 public equity markets across global emerging markets. The fund seeks to invest in stocks of companies operating across diversified sectors.