When JP Morgan's 2 linked European IT's (Income JETI and Growth JETG) combined to be one new fund JEGI in early 2022 it stated that its dividend policy would be
a target annual dividend on the Ordinary Shares of 4 per cent. per annum (based on the NAV
as at close of business on the last Business Day of the preceding financial year)We are now in the third year of this new policy, and after a 1.05p quarterly dividend for the FY ending 31 March 2024, JEGI have just announced their 1st quarterly dividend for the FY ending 31 March 2025.
This has been set at 1.20p per quarter, following their year end NAV of 118.3p. So an increase of some 14.3% on last year's dividend.
I used to hold JETI, the income part of their previous European IT, but reduced my exposure when they moved to their current dividend policy, so JEGI provides about 5% of my income. [*] Did I make a hasty decision reducing my exposure ? I suppose time will tell when there is a reduction in NAV on the last day of the FY.
For holders - Dividend 1.20p per share, ex-div 30 May, paid 5 July.
https://www.investegate.co.uk/announcem ... on/8212154* For comparison, Far East HFEL & SOI provide about 20% of my income combined, North America NAIT about 12%, and the general overseas MYI & HINT about 25% combined. The rest is between mainly-non-UK infrastucture BBGI, emerging/frontier markets BRFI & UEM, and UK income ITs.