JPMorgan American (LON:JAM) Hits New 1-Year High After Dividend Announcement

JPMorgan American (LON:JAM) shares reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as GBX 990 ($12.51) and last traded at GBX 985.87 ($12.46), with a volume of 17918 shares trading hands. The stock had previously closed at GBX 983 ($12.42).

The newly announced dividend which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be issued a GBX 5.25 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 0.53%. This is a positive change from JPMorgan American’s previous dividend of $2.50. JPMorgan American’s payout ratio is currently 707.07%.

JPMorgan American Stock Performance

The firm’s fifty day moving average price is GBX 929.40 and its 200 day moving average price is GBX 854.19. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.45 and a current ratio of 1.14. The firm has a market cap of £1.80 billion, a P/E ratio of 992.93 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.