UK dividend growth suffered a setback in the first quarter of 2013, falling 25% year-on-year, according to Capita Registrars.
UK firms paid out £14.1bn between January and March, compared to £18.8bn in the first quarter of 2012, according to Capita Registrars' latest Dividend Monitor. Justin Cooper, Capita Registrars’ chief executive, said a decline in special dividend payouts stunted headline dividend growth in the first quarter. Around £4.4bn of special dividends made by Vodafone and Cairn Energy in Q1 2012 were not repeated this time around, weighing on dividend growth. The pharmaceutical sector had the largest negative effect on the numbers, declining 2.7% with AstraZeneca the biggest culprit, recordi...
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