(Alliance News) - Investment firm JPMorgan Elect PLC announced Thursday its fourth quarter dividend payments for all of its share classes.
For those with managed growth shares, investors will receive a 3.49 pence per share dividend for the fourth quarter of the financial year to the end of August. In total, this would take the full year payment to 15.50p per managed growth share from 13.10p paid the year prior.
For investors with managed income shares, a 1.35p per share dividend will be paid for the same period. This will take the full year total to 4.65p from 4.50p the year before. For the new financial year, the firm expects to distribute a dividend of 1.10p per share for the first three quarters of the year ending August 2020 with the final payment amount to be determined closer to the time.
Investors holding managed cash shares will be granted a 0.40p per share distribution.
Shares in JPMorgan Elect closed 0.5% lower at 102.00p each for income shares, untraded for its cash shares, and growth shares ended the day 0.1% lower at 832.00p.