Dividend for the year to 30th June 2025

JPMorgan Global Growth & Income PLC
02 July 2024
 

London Stock Exchange Announcement

 

JPMorgan Global Growth & Income plc

(the 'Company' or 'JGGI')

 

Dividend for the year to 30th June 2025

 

Legal Entity Identifier: 5493007C3I0O5PJKR078

Information disclosed in accordance with DTR 6.1.13

 

The Board is pleased to announce that it intends to pay dividends totalling 22.80 pence per share (5.70 pence per share per quarter) in relation to its financial year commencing 1st July 2024. This is in line with its policy of paying out 4.0% of the Company's net asset value as at 30th June 2024 and represents an increase of 23.6% on the last financial year's total dividend of 18.44 pence per share. This will be the ninth consecutive year that the dividend has been raised.

 

It is expected that the dividends will be paid by way of four equal distributions, with the first interim dividend for the financial year ending 30th June 2025 of 5.70 pence per share (for the period to 30th September 2024), being paid on 7th October 2024 to shareholders on the register at the close of business on 30th August 2024. The ex-dividend date is 29th August 2024. The three other dividends are expected to be paid in January, April and July 2025.

 

Tristan Hillgarth, Chairman, commented:

 

"I am delighted to report a 23.6% increase in the Company's dividend for our current financial year. Since we adopted the enhanced dividend policy in 2016, shareholders in the Company have seen an increase in their dividends of 613%, equivalent to over 24% per annum, and we have delivered nine consecutive annual dividend increases.

 

"This growth is a function of the outstanding returns that our Portfolio Managers have generated over this period, assisted by the fact that they are unconstrained by the requirement to achieve a certain level of income. This allows them to select the 'best' stocks, rather than those that fit a specific income profile.

 

"Our capacity to part-fund dividends from our significant level of realised capital profits provides JGGI with the means to meet our shareholders' desire for income, combined with clarity over dividend payments for the coming year."

 

As a reminder, the Company offers the option for shareholders to invest their dividend in a Dividend Reinvestment Plan ('DRIP'), which is managed by the Company's registrar. For details on the DRIP, please contact the Company's Registrar, Computershare Investor Services.

 

The key dates relating to this dividend are given below:

 

Ex-dividend date

29th August 2024

Record date

30th August 2024

Last date for DRIP election

16th September 2024

Payment date

7th October 2024

 

2nd July 2024

 

For and on behalf of

JPMorgan Funds Limited, Secretary

 

For further information:

Divya Amin. Tel: 0800 20 40 20

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings