CC Japan Income & Growth (LON:CCJI) Share Price Crosses Above 50-Day Moving Average – Here’s Why

CC Japan Income & Growth (LON:CCJI) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 187.55 ($2.36) and traded as high as GBX 188.15 ($2.37). CC Japan Income & Growth shares last traded at GBX 186.94 ($2.35), with a volume of 286,574 shares traded.

CC Japan Income & Growth Stock Performance

The business has a fifty day moving average of GBX 187.46 and a 200-day moving average of GBX 185.80. The company has a market capitalization of £251.41 million and a P/E ratio of 4.14.

CC Japan Income & Growth (LON:CCJI) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share for the quarter. CC Japan Income & Growth had a return on equity of 22.45% and a net margin of 95.50%.

CC Japan Income & Growth Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a dividend of GBX 3.85 ($0.05) per share. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from CC Japan Income & Growth’s previous dividend of $1.60. This represents a yield of 2.03%. CC Japan Income & Growth’s dividend payout ratio (DPR) is 11.06%.

CC Japan Income & Growth Company Profile

The investment objective of the Company is to provide Shareholders with dividend income combined with capital growth, mainly through investment in equities listed or quoted in Japan.