JPMorgan Japanese (LON:JFJ) Shares Down 0.8% - Here's What Happened

On Monday, JPMorgan Japanese (LON:JFJ) saw its shares decrease by 0.8%. The stock reached a low of GBX 559 ($6.99) before closing slightly higher at GBX 563.66 ($7.05). During the mid-day trading session, a total of 146,341 shares were exchanged, which is a 2% drop compared to the average trading volume of 149,962 shares. The previous closing price for the stock was GBX 567.96 ($7.11).

JPMorgan Japanese Stock Down 0.8%

The company’s financial metrics indicate a quick ratio of 0.35, a current ratio of 0.38, and a notably high debt-to-equity ratio of 12.06. Over the past 50 days, the stock has maintained a simple moving average of GBX 556.98, while its 200-day simple moving average stands at GBX 546.59. Currently, JPMorgan Japanese has a market capitalization of approximately £809.08 million, a P/E ratio of 626.29, and a beta of 0.71, highlighting its relative volatility compared to the market.

JPMorgan Japanese Increases Dividend

In positive news for investors, JPMorgan Japanese recently announced an increase in its dividend. A payment is scheduled for February 12th, with stockholders on record by December 24th set to receive a dividend of GBX 6.75 ($0.08). This increase is a boost from the previous dividend of GBX 6.50. The dividend carries an ex-dividend date of December 24th and yields 1.18%. Furthermore, the company currently exhibits a high dividend payout ratio (DPR) of 777.78%, which indicates the percentage of earnings paid to shareholders in dividends.

About JPMorgan Japanese

JPMorgan Japanese Investment Trust plc operates as a closed-ended equity mutual fund and is managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited and JPMorgan Asset Management (Japan) Limited. Its core focus lies in investing in public equity markets within Japan, targeting a diverse range of companies across various sectors.

Should You Invest in JPMorgan Japanese?

As investors assess whether to put their money into JPMorgan Japanese, it's essential to consider various perspectives. While the stock currently holds a "Hold" rating among analysts, many believe that there are other stocks in the market with better potential returns.

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