JPMorgan American (LON:JAM) Announces Quarterly Earnings Results

JPMorgan American (LON:JAM) released its quarterly earnings results on Thursday. The company reported GBX 10.59 ($0.14) earnings per share for the quarter, Digital Look Earnings reports. JPMorgan American had a return on equity of 24.87% and a net margin of 97.58%.

JPMorgan American Trading Down 4.0 %

LON:JAM opened at GBX 903 ($11.65) on Friday. The firm has a market cap of £1.64 billion, a price-to-earnings ratio of 3.91 and a beta of 0.65. JPMorgan American has a 12-month low of GBX 875.71 ($11.30) and a 12-month high of GBX 1,198 ($15.45). The company’s 50-day moving average is GBX 1,069.25 and its two-hundred day moving average is GBX 1,078.74.

JPMorgan American Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be paid a GBX 8.25 ($0.11) dividend. This is an increase from JPMorgan American’s previous dividend of $2.75. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 0.88%. JPMorgan American’s payout ratio is presently 3.47%.

JPMorgan American Company Profile

A local knows the best route
JPMorgan American Investment Trust plc aims to generate attractive long-term returns from the world’s largest stock market by focusing on high quality companies that are also reasonably priced.

Key points:
Expertise – Our flagship US investment trust, managed by locally based specialist investors to provide core portfolio exposure to North American equities.
Portfolio – Managed for growth by focusing on quality companies that are reasonably priced.
Results – Broadly diversified across the S&P 500 index, with a focus on large cap stocks.

Why invest in this trust
The JPMorgan American Investment Trust plc is a large, actively managed investment trust investing in the core US stock market.