The Jupiter Fund Management Board has proposed an unchanged full-year ordinary dividend for the year of 9.2 pence per share. This results in a total ordinary dividend for the year of 17.1 pence, unchanged from 2019, representing an ordinary dividend pay-out ratio of 60% of underlying EPS.
Other financial highlights include:
Strong investment performance with 70% of mutual fund assets under management (AUM) above median over three years.
Acquisition of Merian Global Investors Limited ("Merian") introduced £16.6 billion of AUM on 1 July 2020.
Ended the year with AUM at a record high of £58.7 billion.
Underlying profit before tax increased by 10% to £179.0 million. Statutory profits before tax decreased by 12% to £132.6 million, after exceptional costs mainly relating to the acquisition.
Underlying EPS largely unchanged at 28.7 pence per share. Statutory EPS was down from 27.5 pence per share to 21.3 pence per share.