JPMorgan American (LON:JAM) Shares Pass Above 50-Day Moving Average of $960.74

JPMorgan American (LON:JAM)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 960.74 ($11.87) and traded as high as GBX 975 ($12.04). JPMorgan American shares last traded at GBX 969 ($11.97), with a volume of 389,905 shares traded.

JPMorgan American Stock Performance

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 company has a market cap of £1.77 billion, a PE ratio of 978.79 and a beta of 0.68. The stock’s 50-day simple moving average is GBX 960.74 and its 200 day simple moving average is GBX 878.69.

JPMorgan American Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be given a GBX 5.25 ($0.06) dividend. The ex-dividend date is Thursday, April 18th. This represents a yield of 0.53%. This is an increase 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.