JPMorgan Global Emerg Mkts Inc (LON:JEMI) Increases Dividend to GBX 2.40 Per Share

JPMorgan Global Emerg Mkts Inc (LON:JEMI) declared a dividend on Thursday, September 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 12th will be paid a dividend of GBX 2.40 ($0.03) per share on Friday, October 18th. This represents a yield of 1.83%. The ex-dividend date is Thursday, September 12th. This is an increase from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. The official announcement can be viewed at this link.

JPMorgan Global Emerg Mkts Stock Down 0.5 %

Shares of JEMI stock opened at GBX 130.89 ($1.72) on Friday. The firm has a 50 day moving average of GBX 134.25 and a 200-day moving average of GBX 133.49. The company has a market cap of £387.30 million and a price-to-earnings ratio of -3,298.75. JPMorgan Global Emerg Mkts has a 52 week low of GBX 116 ($1.53) and a 52 week high of GBX 142.50 ($1.87).

Insider Activity

In other JPMorgan Global Emerg Mkts news, insider Lucy Macdonald purchased 15,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of GBX 126 ($1.66) per share, for a total transaction of £18,900 ($24,852.07). In related news, insider Lucy Macdonald purchased 15,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of GBX 126 ($1.66) per share, for a total transaction of £18,900 ($24,852.07). Also, insider Ranjan Ramparia acquired 10,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of GBX 133 ($1.75) per share, with a total value of £13,300 ($17,488.49). Corporate insiders own 3.65% of the company’s stock.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income Trust plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in the public equity markets of emerging market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors.