JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 52-Week High – What’s Next?

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 87 ($1.09) and last traded at GBX 138 ($1.74), with a volume of 335475 shares trading hands. The stock had previously closed at GBX 135.50 ($1.71).

JPMorgan Global Emerg Mkts Trading Down 0.4 %

The firm has a market capitalization of £382.59 million and a P/E ratio of 15.56. The firm has a 50 day moving average price of GBX 134.27 and a 200-day moving average price of GBX 133.63.

JPMorgan Global Emerg Mkts Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 12th were given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 0.76%. JPMorgan Global Emerg Mkts’s dividend payout ratio is presently 56.58%.

Insiders Place Their Bets

In other news, insider Mark Edwards acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of GBX 133 ($1.67) per share, with a total value of £13,300 ($16,735.88). 3.65% of the stock is owned by 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.