JPMorgan Global Growth & Income (LON:JGGI) Stock Price Down 0.2% – What’s Next?

JPMorgan Global Growth & Income (LON:JGGI)’s stock price dropped 0.2% during mid-day trading on Monday . The stock traded as low as GBX 577 ($7.23) and last traded at GBX 579 ($7.26). Approximately 541,052 shares were traded during trading, a decline of 54% from the average daily volume of 1,176,279 shares. The stock had previously closed at GBX 579.95 ($7.27).

JPMorgan Global Growth & Income Price Performance

The company has a current ratio of 30.12, a quick ratio of 5.88 and a debt-to-equity ratio of 6.71. The company has a market cap of £2.89 billion, a P/E ratio of 673.56 and a beta of 0.61. The firm has a 50 day moving average of GBX 584.19 and a 200-day moving average of GBX 568.26.

JPMorgan Global Growth & Income Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 5.70 ($0.07) per share. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, November 21st. JPMorgan Global Growth & Income’s payout ratio is currently 2,643.68%.

Insider Buying and Selling

In other news, insider Sarah Whitney purchased 3,882 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average cost of GBX 576 ($7.22) per share, with a total value of £22,360.32 ($28,030.99). 7.92% of the stock is owned by company insiders.

About JPMorgan Global Growth & Income

JPMorgan Global Growth & Income plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations, with a bias towards large cap companies.