SJP withholds third of dividend as coronavirus crisis hits AUM by 13%

The advice giant's board also announced it will be making a single dividend decision for the 2020 financial year, which will be taken as part of the full year results in February 2021. This year's AGM will be held as a closed meeting on 7 May, although shareholders will be able to vote by proxy. SJP's share price dropped by more than 4.5% by 8.30am on Thursday morning on the news of the dividend cut. Strong net inflows helped temper the negative performance, growing 9% for the quarter to £2.4bn, but it was not enough to make a dent in the £17.7bn performance losses across the business...