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LONDON - JPMorgan Global Growth & Income plc (JGGI) announced Thursday it plans to pay dividends totaling 23.0 pence per share for the financial year starting July 1, 2025, representing a 0.9% increase from the previous year’s 22.80 pence per share.
The dividend will be distributed in four equal quarterly payments of 5.75 pence per share, according to a company press release. The first payment for the period ending September 30, 2025, will be made on October 7, 2025, to shareholders on the register as of August 29, 2025, with an ex-dividend date of August 28, 2025.
The remaining three dividend payments are scheduled for December 2025, April 2026, and June 2026.
The company stated that the dividend aligns with its policy of paying at least 4.0% of its net asset value as measured on June 30, 2025.
JGGI reported an unaudited 3.1% decline in net asset value in capital terms for the twelve months ending June 30, 2025.
James Macpherson, Chairman of JGGI, noted that since implementing an enhanced dividend policy in 2016, shareholders have seen a 619% increase in dividends, equivalent to almost 22% per annum. However, he clarified that the company does not maintain a progressive dividend policy.
The company’s portfolio managers operate without income generation constraints, allowing them to select stocks based on broader criteria rather than specific income requirements. JGGI reported distributable reserves of £2.3 billion as of December 31, 2024, which it can use to partially fund dividend payments.
The company also offers shareholders the option to reinvest their dividends through a Dividend Reinvestment Plan managed by the company’s registrar.
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