JPMorgan Emerging Markets (LON:JMG) Shares Down 0.4% – Here’s What Happened

Shares of JPMorgan Emerging Markets (LON:JMG) were down 0.4% during trading on Wednesday . The stock traded as low as GBX 110.20 ($1.39) and last traded at GBX 110.20 ($1.39). Approximately 1,531,486 shares traded hands during trading, a decline of 24% from the average daily volume of 2,020,191 shares. The stock had previously closed at GBX 110.60 ($1.40).

JPMorgan Emerging Markets Stock Performance

The business’s 50-day moving average is GBX 109.08 and its 200 day moving average is GBX 107.82. The company has a market cap of £1.22 billion, a PE ratio of 5,540.00 and a beta of 0.62.

JPMorgan Emerging Markets Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 10th were paid a GBX 1.30 ($0.02) dividend. This represents a dividend yield of 1.2%. This is an increase from JPMorgan Emerging Markets’s previous dividend of $0.60. The ex-dividend date was Thursday, October 10th. JPMorgan Emerging Markets’s payout ratio is presently 10,000.00%.

About JPMorgan Emerging Markets

JPMorgan Emerging Markets 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. It invests in public equity markets across global emerging markets. The fund seeks to invest in stocks of companies operating across diversified sectors.