JPMorgan American (LON:JAM) Stock Price Crosses Above Fifty Day Moving Average of $957.48

JPMorgan American (LON:JAM)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 957.48 ($11.92) and traded as high as GBX 966 ($12.03). JPMorgan American shares last traded at GBX 964 ($12.00), with a volume of 254,063 shares changing hands.

JPMorgan American Trading Down 0.9 %

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 capitalization of £1.75 billion, a P/E ratio of 968.21 and a beta of 0.68. The business’s fifty day simple moving average is GBX 957.48 and its two-hundred day simple moving average is GBX 872.93.

JPMorgan American Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be paid a GBX 5.25 ($0.07) dividend. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from JPMorgan American’s previous dividend of $2.50. JPMorgan American’s dividend payout ratio (DPR) is presently 707.07%.

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.