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Pin to quick picksJPMorgan American Share News (JAM)

Share Price Information for JPMorgan American (JAM)

London Stock Exchange
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Share Price: 643.00
Bid: 643.00
Ask: 645.00
Change: -2.00 (-0.31%)
Spread: 2.00 (0.31%)
Open: 645.00
High: 649.00
Low: 643.00
Yest. Close: 645.00
JAM Live PriceLast checked at -

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JPMorgan American Investment Trust Keeps Payout As Net Assets Increase

Thu, 13th Aug 2020 10:56

(Alliance News) - JPMorgan American Investment Trust PLC on Thursday said its net asset value grew in the first half of 2020.

The investment company reported a total return on net assets per share in sterling terms over the period of 2.7%. The return to shareholders per share in sterling terms was 0.3%.

The total return from the company's benchmark, the S&P 500 Index in sterling terms, was 3.8%.

NAV per share as at June 30 stood at 515.7 pence, up from 480.8p reported a year prior and 504.8p on December 31, 2019.

During the period, the company bought into treasury a total of 4.0 million shares or 1.9% of its issued share capital at the beginning of 2020. These shares were purchased at an average discount to NAV of 5.4%, producing a modest accretion to NAV for continuing shareholders.

JPMorgan American said it is aiming to pay out a total dividend for the financial year of at least 6.5p per share, unchanged from that paid in respect of the 2019 financial year.

The company declared a dividend of 2.5p per share for the first six months of 2020, flat year-on-year.

The stock was trading 0.8% lower in London on Thursday at 508.00p a share.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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