Jpmorgan Global Converti... Dividends - JGCI

Jpmorgan Global Converti... Dividends - JGCI

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Jpmorgan Global Convertibles Income Fund Limited JGCI London Ordinary Share GG00B96SW597 ORD NPV
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.00 0.0% 85.00 0.00 0.00 0.00 85.00 00:00:00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Jpmorgan Global Converti... JGCI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
20/02/2019InterimGBX1.1301/07/201831/12/201828/02/201901/03/201902/04/20190
04/12/2018InterimGBX1.1230/05/201830/09/201813/12/201814/12/201818/01/20190
12/09/2018FinalGBX1.1330/06/201730/06/201820/09/201821/09/201825/10/20184.5
30/04/2018InterimGBX1.1201/12/201731/03/201817/05/201818/05/201819/06/20180
22/02/2018InterimGBX1.1301/07/201731/12/201701/03/201802/03/201829/03/20180
30/11/2017InterimGBX1.1230/05/201730/09/201707/12/201708/12/201712/01/20180
20/09/2017FinalGBX1.1330/06/201630/06/201728/09/201729/09/201726/10/20174.5
10/05/2017InterimGBX1.1201/12/201631/03/201718/05/201719/05/201714/06/20170
14/02/2017InterimGBX1.1301/07/201631/12/201602/03/201703/03/201730/03/20170
24/11/2016InterimGBX1.1230/05/201630/09/201601/12/201602/12/201621/12/20160
22/09/2016FinalGBX1.1330/06/201530/06/201629/09/201630/09/201626/10/20164.5
12/05/2016InterimGBX1.1201/12/201531/03/201619/05/201620/05/201617/06/20160
23/02/2016InterimGBX1.1301/07/201531/12/201503/03/201604/03/201631/03/20160
26/11/2015InterimGBX1.1230/05/201530/09/201503/12/201504/12/201531/12/20150
02/10/2015FinalGBX1.1330/06/201430/06/201515/10/201516/10/201530/10/20154.5
14/05/2015InterimGBX1.1201/12/201431/03/201521/05/201522/05/201512/06/20150
25/02/2015InterimGBX1.1301/07/201431/12/201405/03/201506/03/201527/03/20150
05/11/2014InterimGBX1.1230/05/201430/09/201413/11/201414/11/201412/12/20140
26/09/2014FinalGBX2.2530/06/201330/06/201416/10/201417/10/201431/10/20144.5
27/02/2014InterimGBX2.2501/07/201331/12/201312/03/201414/03/201428/03/20140

Top Dividend Posts

DateSubject
20/10/2016
13:20
davebowler: Winterfloods; Defensive income with capital upside potential JPMorgan Global Convertibles Income initially performed strongly following its launch in 2013, having benefited from rising equity and credit markets. However, performance was negatively impacted by widening credit spreads during the second half of 2015. Having traded at a premium since launch, this more difficult period for markets coincided with a de-rating of the fund’s shares. In addition, currency exposure is fully hedged and as such, despite its very significant exposure to the US and Europe, the fund’s NAV has not benefited from the recent devaluation of Sterling. While share price returns have therefore been disappointing, the NAV has proved relatively defensive during periods of volatility and the fund’s prospective dividend yield of 4.9% is undoubtedly attractive. Moreover, the Board has stated that it would expect to buy back shares if the discount to NAV “exceeds 5% for any significant period of time”. We think that downside discount risk is therefore limited and that the current discount of 9% represents an attractive entry point. Taking all of this into account we continue to recommend the fund within the fixed income allocation of our model portfolio. n Portfolio diversification has been increased over recent months and, with the approval of the Board, the managers have adopted a greater focus on total returns. While the fund’s portfolio yield has therefore fallen, the managers are confident that the investment strategy is capable of generating the necessary returns to achieve the targeted dividend. The Chairman has previously stated that it is “both achievable and desirable to maintain the dividend at the current level, even if it occasionally requires the use of capital” and in the fund’s recent annual results he re-iterated that it is the Board’s intention to maintain the aggregate annual dividend at 4.5p per share. n Convertibles provide the potential for participation in equity upside with the downside protection of a bond. JPMorgan Global Convertibles Income is largely invested in “bond like” and “balanced̶1; convertibles, which offer higher yields with lower equity sensitivity. It also makes good use of the closed-ended fund structure, which allows the managers to take advantage of smaller, less liquid investment opportunities. The portfolio’s duration is relatively short at only 3.3 years, mitigating a degree of interest rate risk. The equity optionality of convertibles could offset the detrimental impact of rising interest rates on bond valuations. Transparency has significantly improved since the fund’s launch with portfolio holdings now published on a monthly basis.
07/7/2015
06:00
spacecake: Falling trust share price, discount to NAV, unknown holdings.
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