JPMorgan European Growth & Income (LON:JEGI) Shares Up 1%

JPMorgan European Growth & Income (LON:JEGI) shares were up 1% during trading on Wednesday . The company traded as high as GBX 106 ($1.34) and last traded at GBX 105.50 ($1.33). Approximately 389,321 shares were traded during trading, a decline of 21% from the average daily volume of 490,654 shares. The stock had previously closed at GBX 104.50 ($1.32).

JPMorgan European Growth & Income Trading Up 1.0 %

The company has a debt-to-equity ratio of 9.73, a quick ratio of 20.49 and a current ratio of 60.68. The stock has a market cap of £453.30 million, a price-to-earnings ratio of 586.11 and a beta of 0.87. The company’s 50 day simple moving average is GBX 106.34 and its two-hundred day simple moving average is GBX 102.29.

JPMorgan European Growth & Income Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 30th will be paid a GBX 1.20 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from JPMorgan European Growth & Income’s previous dividend of $1.05. This represents a dividend yield of 1.11%. JPMorgan European Growth & Income’s dividend payout ratio is 2,222.22%.

About JPMorgan European Growth & Income

JPMorgan European Growth & Income plc – Ordinary Shares is an open-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 the public equity markets in Europe. The fund primarily invests its portfolio in the financial sector.