JPMorgan Global Growth & Income (LON:JGGI) Reaches New 1-Year High – Time to Buy?

JPMorgan Global Growth & Income (LON:JGGI) reached a new 52-week high on Friday . The company traded as high as GBX 614 ($7.64) and last traded at GBX 608 ($7.56), with a volume of 77290 shares trading hands. The stock had previously closed at GBX 609 ($7.57).

JPMorgan Global Growth & Income Trading Down 0.5 %

The company has a current ratio of 30.12, a quick ratio of 5.88 and a debt-to-equity ratio of 6.71. The firm has a market cap of £2.99 billion, a price-to-earnings ratio of 696.55 and a beta of 0.61. The company has a fifty day moving average price of GBX 592.12 and a 200-day moving average price of GBX 573.65.

JPMorgan Global Growth & Income Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, November 21st were issued a GBX 5.70 ($0.07) dividend. This represents a yield of 0.96%. The ex-dividend date of this dividend was Thursday, November 21st. JPMorgan Global Growth & Income’s payout ratio is presently 2,643.68%.

About JPMorgan Global Growth & Income

A distinctive strategy for today’s markets
JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world’s stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year.

Key points:
Expertise – Tapping into the local proprietary analysis of JPMorgan’s award winning and experienced global research team.
Portfolio – A global best ideas – go anywhere – portfolio, with the manager focused on identifying companies that will provide the best total returns.
Results – Provides the best of both worlds – predictable quarterly income and long-term growth from the best global ideas.