Jupiter Fund Management
Website:
Jupiter Fund Management
Index:
FTSE 250
EPIC: JUP
Supersector:
Financial Services
Sector:
Financial Services
Subsector:
Asset Managers
Market Cap:
£1.01B
Payout Frequency: Semi-Annual
Next Jupiter Fund Management Dividend
Jupiter Fund Management next goes ex-dividend on 16/04/2026. This will be the Final dividend for 2026.
The dividend per share amount is 8.0000p (GBP) and the payment date is 19/05/2026.
Jupiter Fund Management Dividend Analysis and Summary
Key dividend details- Final ordinary dividend: 2.3p per share
- Special dividend: 5.7p per share
- Total DPS for FY2025 (incl. special): 10.1p; total ordinary DPS: 4.4p (2024 ordinary: 5.4p)
- Ex-dividend date: 16/04/2026 (derived from record date)
- Record date: 17/04/2026
- Payment date: 19/05/2026
- Buyback: up to £30m (or 3% of issued share capital), expected to commence in April 2026
- Policy: Ordinary dividends set at 50% of underlying EPS excluding performance fees; an additional 50% of performance fee revenue to be returned via specials/buybacks
- Sustainability (ordinary): Underlying EPS excluding performance fees was 8.7p; ordinary DPS of 4.4p implies c.2.0x coverage, consistent with the stated 50% payout policy. This looks sustainable if pre-performance-fee earnings recover with higher AUM and cost savings.
- Sensitivity to performance fees: Total EPS 19.4p and total DPS 10.1p are well covered in 2025, but the special 5.7p and the £30m buyback are explicitly tied to highly variable performance fees (£120.3m in 2025). These elements should be viewed as opportunistic, not recurring.
- Growth trajectory: The ordinary dividend was cut year-on-year (from 5.4p to 4.4p) due to lower pre-performance-fee earnings (underlying EPS ex-PF 8.7p vs 2024 10.9p). Total DPS rose on the back of strong performance fees, which may not persist.
- Financial support and capital allocation: Balance sheet strength (estimated capital surplus £146m post-CCLA), net cash of £318.7m, no subordinated debt outstanding, and an undrawn £100m RCF support distributions. However, the cost:income ratio is still elevated at 82% (target 70%), and management fee revenue fell 7% YoY, underscoring the need for execution on cost savings and scale benefits.
Jupiter Fund Management Annual Dividend Yield - 2.28%
Dividends Used in Calculation:
| Ex-Dividend Date | Payment Date | Type | Amount | Currency |
|---|---|---|---|---|
| 17/04/2025 | 20/05/2025 | Final | 2.20p | GBX |
| 07/08/2025 | 05/09/2025 | Interim | 2.10p | GBX |
Total (Annual Dividends Per Share): 4.30p
Dividend Yield = Annual Dividends Per Share (4.30p) ÷ Share Price (188.8p) = 2.28%
Jupiter Fund Management Dividend History
| Ex Dividend Date | Payment Date | Type | Amount | Currency |
|---|---|---|---|---|
| 16/04/2026 | 19/05/2026 | Final | 8.0000p | GBX |
| 07/08/2025 | 05/09/2025 | Interim | 2.10p | GBX |
| 17/04/2025 | 20/05/2025 | Final | 2.20p | GBX |
| 08/08/2024 | 04/09/2024 | Interim | 3.20p | GBX |
| 18/04/2024 | 20/05/2024 | Final | 3.40p | GBX |
| 03/08/2023 | 01/09/2023 | Interim | 3.50p | GBX |
| 03/08/2023 | 01/09/2023 | Special | 2.90p | GBX |
| 20/04/2023 | 19/05/2023 | Final | 0.50p | GBX |
| 11/08/2022 | 31/08/2022 | Interim | 7.90p | GBX |
| 21/04/2022 | 20/05/2022 | Final | 9.20p | GBX |
| 12/08/2021 | 01/09/2021 | Interim | 7.90p | GBX |
| 15/04/2021 | 14/05/2021 | Special | 3.00p | GBX |
| 15/04/2021 | 14/05/2021 | Final | 9.20p | GBX |
| 06/08/2020 | 26/08/2020 | Interim | 7.90p | GBX |
| 12/03/2020 | 09/04/2020 | Final | 9.20p | GBX |
| 08/08/2019 | 28/08/2019 | Interim | 7.90p | GBX |
| 14/03/2019 | 11/04/2019 | Special | 11.40p | GBX |
| 14/03/2019 | 11/04/2019 | Final | 9.20p | GBX |
| 09/08/2018 | 29/08/2018 | Interim | 7.90p | GBX |
| 08/03/2018 | 06/04/2018 | Special | 15.50p | GBX |
| 08/03/2018 | 06/04/2018 | Final | 10.30p | GBX |
| 03/08/2017 | 30/08/2017 | Interim | 6.80p | GBX |
| 09/03/2017 | 07/04/2017 | Special | 12.50p | GBX |
| 09/03/2017 | 07/04/2017 | Final | 10.20p | GBX |
| 04/08/2016 | 26/08/2016 | Interim | 4.50p | GBX |
| 10/03/2016 | 08/04/2016 | Special | 10.90p | GBX |
| 10/03/2016 | 08/04/2016 | Final | 10.60p | GBX |
| 06/08/2015 | 28/08/2015 | Interim | 4.00p | GBX |
| 19/03/2015 | 21/04/2015 | Special | 11.50p | GBX |
| 19/03/2015 | 21/04/2015 | Final | 9.50p | GBX |
| 06/08/2014 | 29/08/2014 | Interim | 3.70p | GBX |
| 09/04/2014 | 27/05/2014 | Final | 9.10p | GBX |
| 07/08/2013 | 30/08/2013 | Interim | 3.50p | GBX |
| Year | Interim | Final | Special | Currency | Total | Change |
|---|---|---|---|---|---|---|
| 2024 | 3.200 | 3.400 | GBX | 6.600 | -4.340 | |
| 2023 | 3.500 | 0.500 | 2.900 | GBX | 6.900 | -59.640 |
| 2022 | 7.900 | 9.200 | GBX | 17.100 | -14.920 | |
| 2021 | 7.900 | 9.200 | 3.000 | GBX | 20.100 | 154.430 |
| 2020 | 7.900 | GBX | 7.900 | -72.280 | ||
| 2019 | 7.900 | 9.200 | 11.400 | GBX | 28.500 | -12.570 |
| 2018 | 7.900 | 9.200 | 15.500 | GBX | 32.600 | 10.130 |
| 2017 | 6.800 | 10.300 | 12.500 | GBX | 29.600 | 15.620 |
| 2016 | 4.500 | 10.200 | 10.900 | GBX | 25.600 | -1.910 |
| 2015 | 4.000 | 10.600 | 11.500 | GBX | 26.100 | 17.040 |
| 2014 | 3.700 | 18.600 | GBX | 22.300 | 537.140 | |
| 2013 | 3.500 | GBX | 3.500 |
Jupiter Fund Management Dividend Calculator
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Jupiter Fund Management Dividend Growth
| Dividend Growth (1Y) | 87.04% |
|---|---|
| Dividend CAGR (5Y) | -12.86% |
| Years of Growth | – |
| Payout Ratio | 22.21% |
| Buyback Yield | -5.25% |
| Shareholder Yield | -2.9% |
| P/E Ratio (TTM) | 10.68 |
|---|---|
| Forward P/E | 11.59 |
| P/FCF | 15.79 |
| Earnings Yield | 10.81% |
| FCF Yield | 6.33% |
| ROE | 11.54% |
| ROCE | 14.21% |
| Profit Margin | 23.29% |
| Operating Margin | 31.95% |
| Gross Margin | 100% |