Multi-asset investing: MATE’s dividend income rises with inflation to offer protection

JPMorgan Multi-Asset Growth & Income plc (LON:MATE) have declared the following distribution:

Fourth interim distribution

A fourth interim distribution of 1.025 pence per ordinary share for the year ending 28^th February 2022 will be paid on 6^th May 2022 to shareholders on the register at the close of business on 1^st April 2022. The ex-dividend date will be 31^st March 2022.

For this fourth interim distribution, the Company has elected not to ‘stream’ part of the distribution payment and therefore the whole of the 1.025 pence per share will be designated as a dividend to shareholders.  

Tim Mitchell, Investment Trust Client Director, at J.P. Morgan Asset Management, commented on the dividend:

“MATE continues to be a really attractive option for income investors. I am delighted that JPMorgan Multi-Asset Growth & Income has delivered a predictable consistent annual dividend since 2019. 

Our new innovative dividend policy announced on 23 March 2021 means the total annual distribution will grow, as a minimum, in line with the UK’s annual Consumer Price Index (CPI), from the current distribution level of 4.1 pence per share, per annum, paid quarterly. This dividend policy will protect investors’ income as we move into a period of increased inflationary pressures.”

JPMorgan Multi-Asset Growth & Income plc (LON:MATE) combines sustainable income and capital growth from globally diversified investments. The Investment Trust’s multi-asset investing approach aims to achieve a long-term total return of 6% per annum and an initial annual dividend of 4% paid quarterly. This provides an attractive income investing and capital growth opportunity while seeking to maintain lower levels of portfolio volatility than a traditional equity portfolio.