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Jupiter Fund Management hikes interim dividend

Jupiter Fund Management PLC's board declared a 16.2% increase in its interim dividend for the period ended June 30, to 7.9 pence per share from 6.8 pence per share for 2017.

The dividend will be paid Aug. 30 to shareholders of record as of Aug. 4.

Jupiter reported first-half net profit of £77.5 million, up from £75.3 million in the year-ago period. EPS rose to 16.9 pence from 16.3 pence.

The company booked net outflows of £2.3 billion in the first half, reducing assets under management to £48.2 billion from £50.2 billion at the end of 2017. Shares in the company fell more than 3% in July 27 trading.