JPMorgan Japanese (LON:JFJ) Shares Down 0.8% – Here’s Why

JPMorgan Japanese (LON:JFJ) shares traded down 0.8% during trading on Monday . The company traded as low as GBX 559 ($6.99) and last traded at GBX 563.66 ($7.05). 146,341 shares traded hands during trading, a decline of 2% from the average session volume of 149,962 shares. The stock had previously closed at GBX 567.96 ($7.11).

JPMorgan Japanese Stock Down 0.8 %

The firm’s 50-day simple moving average is GBX 556.98 and its 200 day simple moving average is GBX 546.59. The company has a debt-to-equity ratio of 12.06, a quick ratio of 0.35 and a current ratio of 0.38. The company has a market cap of £809.08 million, a P/E ratio of 626.29 and a beta of 0.71.

JPMorgan Japanese Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, December 24th will be given a GBX 6.75 ($0.08) dividend. This represents a dividend yield of 1.18%. This is an increase from JPMorgan Japanese’s previous dividend of $6.50. The ex-dividend date of this dividend is Tuesday, December 24th. JPMorgan Japanese’s dividend payout ratio (DPR) is currently 777.78%.

About JPMorgan Japanese

JPMorgan Japanese 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 and JPMorgan Asset Management (Japan) Limited. It invests in the public equity markets of Japan. The fund seeks to invests in stocks of companies operating across diversified sectors.