DirectorsTalk caught up with Alexa Henderson, non-executive chairman of JPMorgan Japan Small Cap Growth & Income plc (LON:JSGI), following the company’s most recent dividend announcement on Friday 2 July 2021. Alexa commented:
“I’m delighted to note the 5.5p interim dividend which we announced on Friday. That brings dividends to 22.4p for the last 12 months, an increase of over 22% compared to the previous 12 months. This is testament to the strong performance from our investment management team, and builds on the 47.9% shareholder return to the end of March 2021, that we reported on earlier this week. Following this dividend announcement the historic dividend yield to shareholders is 4.3%.
This is reflective of the dividend policy we introduced in 2018, whereby the company pays the equivalent of 1% of NAV per quarter. Importantly this is through the structural benefit of the investment trust and in no way impacts the freedom of our managers to select the very best investments they can find.”
JPMorgan Japan Small Cap Growth & Income plc announced that the Company’s cum income Net Asset Value was 549.6 pence per share at 30th June 2021. Accordingly, in line with the Trust’s distribution policy, the Directors have declared that a first quarterly interim dividend of 5.5 pence per share for the year ending 31st March 2022 will be paid on 13th August 2021 to shareholders on the register at the close of business on 9th July 2021. The ex-dividend date will be 8th July 2021.
Japan income fund, JPMorgan Japan Small Cap Growth & Income, targets Japan income without compromising on Japanese growth opportunities. This Japan fund is an income investing opportunity that gives investors access to a diverse and fast growing sector managed by local managers. The Investment Trust offers a regular quarterly income without compromising on Japanese growth opportunities, by paying a higher dividend funded part by capital reserves as well as revenue returns.