UK dividends rose to a new record of £110.5bn in 2019, more than double the level of a decade ago, according to the Dividend Monitor from Link Group.
However, the figure was boosted by large special dividends totalling £12bn which, when excluded, saw the underlying total at £98.5bn, representing an underlying growth rate of 2.8%. UK dividend cover among lowest as global cover falls to ten-year low Further, two-fifths of UK dividends are declared in USD, and with GBP significantly weaker in 2019 compared to 2018, the inflated value of dividends represented almost three-quarters of the underlying dividend growth for the year. Excluding the exchange-rate effects, underlying growth was 0.8% on a constant-currency basis. Special divi...
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