Jpmorgan Chinese Investm... Dividends - JMC

Jpmorgan Chinese Investm... Dividends - JMC

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Stock Name Stock Symbol Market Stock Type
Jpmorgan Chinese Investment Trust Plc JMC London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 351.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
351.50 351.50
more quote information »

Jpmorgan Chinese Investm... JMC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

loganair: In a bid to broaden the Company's investor base and so reduce the discount over the longer term, the Board is proposing to pay an annual dividend of 4% per annum in the future, payable in four quarterly instalments. In order to pay this, any shortfall on the dividend income received from the underlying investments of the portfolio will be paid out of the capital growth of the portfolio. The first two quarterly payments of 1% each will be made in June and September 2020, based on the NAV as at 31st March 2020.
loganair: A dividend of 2.5 pence per share will be paid on 12th February 2020 to shareholders on the register at the close of business on 27th December 2019. The ex dividend date is 24th December 2019.
davvero: anyone knows wen is the ex-dividend date please??
loganair: This is exactly what JP Morgan did with their Asian Fund (JAI) a few years back, paying a dividend of 4% of Nav per year and paying a dividend 4 times per year, giving a 300% increase in the dividend yield. The only difference is JAI did not change their name. What seems to me to be happening is, as interest rates are so low to negative JP Morgan are hoping to attract more investors to buy in rather then to sell out thereby increasing the share price more than would have otherwise been the case. What JP Morgan also seem to be doing is to make JMC more like a pension annuity, except at the end of the day the capital always remains the investors instead of the annuity being lost when the person sadly passes on.
nk104: 4 December saw a change in the distribution policy - the company will aim to pay out 4 per cent of NAV on the last day of the preceding financial year. Given the 30 September year-end this will be a slow burner, but given the discount that means a dividend that would currently be 14.25p a year. I think this might lead the discount to narrow.
walter walcarpets: nice surprise RNS Number : 2412X JPMorgan Chinese Inv Tst PLC 22 November 2017 LONDON STOCK EXCHANGE ANNOUNCEMENT JPMORGAN CHINESE INVESTMENT TRUST PLC DIVIDEND DECLARATION AND CHANGE IN ALLOCATION OF EXPENSES The Board of JPMorgan Chinese Investment Trust plc announces that, subject to shareholder approval at the Annual General Meeting to be held on 26th January 2018, a dividend of 1.60 pence per share will be paid on 7th February 2018 to shareholders on the register at the close of business on 15th December 2017. The ex dividend date is 14th December 2017. The Board has recently reviewed its policy of allocation of expenses (management fee and finance costs) to revenue and capital. Since the launch of the Company in October 1993, the Company has allocated 100% of expenses to revenue. However, with effect from 1st October 2017, the Board has decided to split the allocation of expenses between 75% to capital and 25% to income. This change will result in an increase in future dividends paid out by the Company such that it is able to maintain its investment trust status. 22nd November 2017
loganair: By Ian Cowie: Fidelity China Special Situations (FCSS), the £1.8 billion investment trust that ended Anthony Bolton’s career on a bit of a bum note but has since recovered strongly, delivered total returns of 26% during the last year. JP Morgan Chinese (JMC), a longer-established trust but a relative tiddler with assets of less than £270 million, shot the lights out with total returns of 39% over the same period. Cynics might say this is a flash in the pan but five-year returns from these investment trusts of 227% and 137% respectively suggest there is more to China than a mere financial fad. Sceptical souls might fear that by the time the media notice an emerging market it is always too late but, while both these trusts’ shares continue to trade around 12% discounts to their net asset values, there is room for further gains. Closed-end funds are the ideal way to get into this formerly closed-economy because their structure means long-term investors will not be forced to subsidise short-term speculators when they dash for cash, as will happen in highly volatile markets from time to time. By contrast, open-ended vehicles – such as unit trusts and exchange traded funds (ETFs) – may be forced to sell their most liquid and perhaps best underlying assets to meet redemptions. Never mind the technical details, though, what about the big picture? While the world has been looking in the other direction, mesmerised by Donald Trump’s antics in America, another president, Xi Jinping, has quietly consolidated political power and enabled economic progress on a scale rarely seen. Xi is said to see himself continuing the work done by Deng Xiaoping, who became leader in 1982 and introduced a ‘socialist market economy’ to repair the damage done by Mao Zedong’s communist policies that caused millions to starve to death. Little red book fan, John McDonnell, please take note. Now the International Monetary Fund and PriceWaterhouse Coopers are among those who predict China will overtake America as the world’s biggest economy within a decade. The collision of new technology and the same old authoritarian politics is accelerating the rate of change. With a repressive regime that routinely imprisons journalists and anyone else who criticises the government, China could never allow American internet giants free access to its population that comprises a quarter of all humanity. So home-grown rivals – such as Alibaba, Baidu and Tencent – were always guaranteed a clear run at the home market and have clearly taken up this opportunity to the full. This is a bit of a painful topic for me because I invested in what was then Fleming Chinese Investment Trust more than 20 years ago, after visiting Shenzhen and Shanghai. What followed was an exciting ride, with the share price doubling in the run-up to the handover of Hong Kong in 1997 but halving not long afterwards. Things picked up in the noughties, despite a painful spike lower in 2008, before a terrific bounce in 2009 when I took profits to pay for a classic sailing boat and sold the last of my direct interests in that country. Since then, with the benefit of hindsight, I can see that I have taken my eye off the ball. If only I had hung on to those red chips but am now thinking of investing there again. Fidelity’s trust looks marginally more attractive to me because, according to Edison Investment Research, it has shunned banks and property where a nasty surprise might be lurking in the ‘shadow economy’. Instead, Fidelity holds Hutchison China MediTech (HCM) - which has exciting prospects of a cure for some cancers - along with bigger stakes in Tencent and Alibaba. There is also a modest yield of 1.1%, which has risen by 20% over the last five years and is more than double the dividends paid by JP Morgan’s rival trust, where there has been no progress in payouts at all, according to Association of Investment Companies statistics. You don’t need to be a communist or be invited to the congress jamboree to see money-making opportunities in China.
grabster: Those are all views of China and its prospects. JMC has risen strongly since the turn of the year, but how does it compare with other China funds?
loganair: The Board is recommending a dividend of 1.60 pence (2015: 1.80 pence) per share in respect of the financial year ended 30th September 2016 given the Company's return on its Revenue Account. Subject to shareholders' approval at the Annual General Meeting, this dividend will be paid on 8th February 2017 to shareholders on the register at the close of business on 16th December 2016.
riskvsreward: The fund managers at both JMC and FCSS did very well and significantly outperformed versus the Chinese market index. The NAVs of both trusts ate near record although the Chinese Shanghai market index has dropped from a peak of over 5000 to about 3000. This shows there are very good trading opportunities in Chinese markets.
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