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