JPMorgan China Growth & Income plc (LON:JCGI) Insider Alexandra Mackesy Acquires 7,375 Shares of Stock

JPMorgan China Growth & Income plc (LON:JCGI) insider Alexandra Mackesy acquired 7,375 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of GBX 267 ($3.38) per share, for a total transaction of £19,691.25 ($24,957.22).

JPMorgan China Growth & Income Stock Down 1.0 %

LON:JCGI opened at GBX 257.50 ($3.26) on Wednesday. The business’s 50-day moving average price is GBX 231.28 and its 200 day moving average price is GBX 221.71. The firm has a market cap of £215.13 million, a P/E ratio of 34.06 and a beta of 0.47. JPMorgan China Growth & Income plc has a 52-week low of GBX 182 ($2.31) and a 52-week high of GBX 281 ($3.56).

JPMorgan China Growth & Income (LON:JCGI) last released its earnings results on Monday, December 9th. The company reported GBX 3.39 ($0.04) earnings per share (EPS) for the quarter. JPMorgan China Growth & Income had a return on equity of 2.99% and a net margin of 72.25%.

JPMorgan China Growth & Income Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 16th will be issued a dividend of GBX 2.73 ($0.03) per share. This represents a yield of 1.27%. The ex-dividend date of this dividend is Thursday, January 16th. JPMorgan China Growth & Income’s payout ratio is currently 145.51%.

JPMorgan China Growth & Income Company Profile

Strategic thinking for Chinese markets
JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.
Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust
The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.