JPMorgan European Growth & Income (LON:JEGI) Trading Down 1.9% – Here’s What Happened

JPMorgan European Growth & Income (LON:JEGI) traded down 1.9% during mid-day trading on Wednesday . The company traded as low as GBX 98.60 ($1.28) and last traded at GBX 98.60 ($1.28). 183,910 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 549,700 shares. The stock had previously closed at GBX 100.50 ($1.30).

JPMorgan European Growth & Income Stock Down 1.9 %

The stock has a market capitalization of £421.93 million, a P/E ratio of 580.00 and a beta of 0.85. The company has a debt-to-equity ratio of 8.34, a quick ratio of 20.49 and a current ratio of 17.01. The company’s 50-day moving average price is GBX 101.58 and its 200 day moving average price is GBX 103.99.

JPMorgan European Growth & Income Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be issued a dividend of GBX 1.20 ($0.02) per share. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, September 26th. JPMorgan European Growth & Income’s dividend payout ratio (DPR) is currently 2,941.18%.

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.