Fund managers confident lockdown will not lead to second wave of dividend cuts

Those hit hardest have already stopped paying

UK dividend payments should not see another leg down, despite the imposition of a national lockdown that could run for longer than the current scheduled four weeks, fund managers have said.

Prime Minister Boris Johnson told citizens that England would return to lockdown on Thursday (5 November), lasting for 28 days until 2 December, if the measure is approved at a Parliamentary vote on Wednesday. While less severe than the previous restrictions back in March, all non-essential shops, theatre venues and leisure facilities will close and planes will once again be grounded, signalling more pain for certain sectors of the UK market. Pridham Report: Resilient quarter for active and passive management The intention of the measures appears to be to reduce the R rate to near ...