8 Aug 2019 16:10
JPMORGAN ELECT PLC
LONDON STOCK EXCHANGE ANNOUNCEMENT
DECLARATION OF DIVIDENDS
Legal Entity Identifier: 549300FIUYKKL39ILD07
Information disclosed in accordance with DTR 6.1.13
The Directors of JPMorgan Elect plc have declared the following dividends:
Managed Growth Shares
A quarterly interim dividend of 3.49 pence per Managed Growth share, for the fourth quarter to 31st August 2019, will be paid on 19th September 2019 to shareholders on the register at the close of business on 16th August 2019 (ex dividend date 15th August 2019).
The payment will bring the total dividends for the year ending 31st August 2019 to 15.50 pence per share (2018: 13.10p). The objective of this share class is long term capital growth.
Managed Income Shares
A quarterly interim dividend of 1.35 pence per Managed Income share, for the fourth quarter to 31st August 2019, will be paid on 19th September 2019 to shareholders on the register at the close of business on 16th August 2019 (ex dividend date 15th August 2019).
The payment will bring the total dividends for the year ending 31st August 2019 to 4.65 pence per share (2018: 4.50p). In the absence of unforeseen circumstances the Board intends to declare the first three interim dividends for the year ending 31st August 2020 at 1.10 pence per share. The level of the fourth interim dividend will be determined by the Board towards the end of the Company's 2019/20 financial year and will depend on the level of dividends received and expected by the Company. It is the Board's aim to increase the total dividends each year by at least inflation and to pay not less than the dividend paid for the year ending 31st August 2019 (4.65p).
Managed Cash Shares
An interim dividend of 0.40 pence per Managed Cash share, for the year ending 31st August 2019, will be paid on 19th September 2019 to shareholders on the register at the close of business on 16th August 2019 (ex dividend date 15th August 2019).
8th August 2019
JPMorgan Funds Limited,
Company Secretary
For further information:
Jonathan Latter
020 7742 4000