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Jupiter dividend ascending

Jupiter rewards investors with a bumper special dividend.
February 26, 2015

The sale of its private client business has allowed Jupiter Fund Management (JUP) to reward shareholders with an 11.5p per share special dividend on top of a 5 per cent increase in the normal full-year payout. And while a total dividend of 24.7p was slightly behind Numis Securities' forecast of 26.3p, the broker still expects an "aggressive" dividend policy - keeping the payout ratio at 50 per cent - to help maintain the overall yield at 6 per cent.

IC TIP: Buy at 408p