JPMorgan American (LON:JAM – Get Free Report)’s stock price reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as GBX 990 ($12.51) and last traded at GBX 985.87 ($12.46), with a volume of 17918 shares traded. The stock had previously closed at GBX 983 ($12.42).
The newly announced dividend which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be issued a dividend of GBX 5.25 ($0.07) per share. This is an increase from JPMorgan American’s previous dividend of $2.50. The ex-dividend date is Thursday, April 18th. This represents a yield of 0.53%. JPMorgan American’s dividend payout ratio is currently 707.07%.
JPMorgan American Stock Performance
The firm has a fifty day simple moving average of GBX 934.42 and a 200-day simple moving average of GBX 856.73. The company has a current ratio of 1.14, a quick ratio of 1.45 and a debt-to-equity ratio of 7.34. The stock has a market cap of £1.80 billion, a price-to-earnings ratio of 995.96 and a beta of 0.68.
About JPMorgan American
JPMorgan American Investment Trust plc is a close-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.
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