Target Dividend for year to 30 June 2018

RNS Number : 1048K

JPMorgan Global Growth & Income PLC

04 July 2017

 

London Stock Exchange Announcement

JPMorgan Global Growth & Income plc

Target Dividend for the year to 30 June 2018

JPMorgan Global Growth & Income plc (the "Company") adopted a revised distribution policy in July 2016 pursuant to which it intends to pay dividends totalling at least 4 percent. of the net asset value of the Company as at the end of the preceding financial year.  

The Board announces that, in relation to the year commencing 1 July 2017, the Company intends to pay dividends totaling 12.16p per share, which represents a yield of 4.01 percent. of the unaudited net asset value as at the 30 June 2017, as announced yesterday, 3 July 2017. It is expected that such dividends will be paid by way of four equal distributions, with the first distribution for the financial year ending 30 June 2018 of 3.04p per share for the period to 30 September 2017 being declared in August 2017 and paid in October 2017.

The target dividend for the year commencing 1 July 2017 represents an increase of 24.1 percent. over the total dividends of 9.8p per share payable for the prior year, reflecting the strong NAV growth the Company has seen in the year to 30 June 2017.

Legal Entity Identifier: 5493007C3I0O5PJKR078

Information disclosed in accordance with DTR 6.1.13

For and on behalf of

JPMorgan Funds Limited, Secretary

4 July 2017

For further information:

Divya Amin - 020 7742 4000

 

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