Investec AM's Hutchins: The opportunities in 'self-help' stocks

Those adapting to disruptive environment

As "the most hated bull market in history" approaches its tenth year, with the FTSE All-Share having delivered well over 200% total returns since its post-crisis lows, investors are becoming increasingly nervous about the outlook for returns and dividends.

Uncertainty continues to shroud the UK economy and the short-term boost to dividends of UK companies with overseas operations, caused by sterling weakness, is starting to wane and potentially even reverse. Against this backdrop, it is important to focus on companies in control of their dividend-paying ability, rather than those solely reliant on the fortunes of exogenous factors such as commodity prices, interest rates or the economy, to sustain dividend growth. Miton's Moore: Three overlooked sectors for dividend growth  As quality investors, we focus on sustainable capital-light,...