JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 12-Month High – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 83.60 ($1.03) and last traded at GBX 135 ($1.66), with a volume of 485605 shares. The stock had previously closed at GBX 135 ($1.66).

JPMorgan Global Emerg Mkts Price Performance

The stock’s fifty day moving average price is GBX 133.31 and its 200-day moving average price is GBX 133.78. The firm has a market cap of £399.47 million and a PE ratio of -3,375.00.

JPMorgan Global Emerg Mkts (LON:JEMI) last released its quarterly earnings data on Monday, November 4th. The company reported GBX 5.64 ($0.07) EPS for the quarter.

JPMorgan Global Emerg Mkts Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, December 12th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 0.76%. JPMorgan Global Emerg Mkts’s payout ratio is -12,500.00%.

Insider Buying and Selling at JPMorgan Global Emerg Mkts

In other news, insider Mark Edwards purchased 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of GBX 133 ($1.64) per share, for a total transaction of £13,300 ($16,397.48). 3.65% of the stock is owned by company insiders.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.