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JPMorgan Asia Growth & Income (LON:JAGI) Trading Down 0.6% - Here's What Happened

JPMorgan Asia Growth & Income logo with Financial Services background

JPMorgan Asia Growth & Income plc (LON:JAGI - Get Free Report)'s stock price fell 0.6% on Tuesday . The stock traded as low as GBX 344.50 ($4.57) and last traded at GBX 346.52 ($4.60). 135,686 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 192,450 shares. The stock had previously closed at GBX 348.50 ($4.62).

JPMorgan Asia Growth & Income Stock Up 2.5 %

The company has a 50 day simple moving average of GBX 361.88 and a 200 day simple moving average of GBX 371.10. The stock has a market cap of £266.65 million, a price-to-earnings ratio of 7.41 and a beta of 0.56.

JPMorgan Asia Growth & Income Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 24th were paid a dividend of GBX 6.10 ($0.08) per share. This represents a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, April 24th. This is a boost from JPMorgan Asia Growth & Income's previous dividend of $4.20. JPMorgan Asia Growth & Income's payout ratio is presently 32.58%.

JPMorgan Asia Growth & Income Company Profile

(Get Free Report)

Targeting income without compromising on Asia's growth JPMorgan Asia Growth & Income plc provides access to the world's fastest growing equity market and targets predictable quarterly income without compromising its focus on growth. Key points: Expertise - Managed by emerging market veterans. Portfolio - Manager's focus on seeking out Asia's best growth ideas. Results - Seeks to provide predictable quarterly income distributions set annually. Why invest in this trust Managed by our locally based team of investment experts, the JPMorgan Asia Growth & Income plc provides broad access to Asia's fast growing markets and benefits from our long experience in the region. Investment objective Aims to provide capital growth from a diversified portfolio of around 50 to 80 companies quoted on the Asian stock markets, excluding Japan.

Further Reading

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