Dividend Declaration

RNS Number : 2734D

JPMorgan Claverhouse IT PLC

25 April 2013

 



LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC

First quarterly interim dividend

The Directors have declared that a first quarterly interim dividend of 4.50 pence per share for the year ending 31st December 2013 will be paid on 3rd June 2013 to shareholders on the register at the close of business on 3rd May 2013.

As explained in the Chairman's Statement within the Annual Report & Accounts for the year ended 31st December 2012, a considerable disparity has developed between the larger fourth quarterly dividend and the smaller ones in each of the first three quarters.  The Board has resolved to re-balance the payments in order to reduce this disparity and intends to increase the dividend payable in each of the first three quarters. This will result in a reduction in the fourth quarter's dividend although, taking the four quarters together, it is expected that the total dividends in respect of 2013 will at least equal those in respect of 2012.  It remains the Board's aim to increase the dividend each year and, taking a run of years together, we continue to aspire to deliver increases in dividends that will at least match the rate of inflation.

25th April 2013

For further information:

Jonathan Latter,

JPMorgan Asset Management (UK) Limited               020 7742 6000

 

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