Cuts to the mining sector, stronger sterling, lower one-off special dividends and the impact of share buybacks contributed to an 8.1% fall in dividends on a headline basis to £25.6bn during the last quarter.
Excluding one-off special dividends, regular dividends were down 3.5% to £25.3bn on a constant-currency basis, according to Computershare's Quarterly Dividend Monitor. As a result of the recent figures, the 2024 dividend forecast was amended down to £92.3bn, although up 2% on a headline basis. Meanwhile, the forecast for regular dividends (excluding one-offs) is predicted to drop to £86.8bn. Global dividends surge to record high as UK lags behind This quarterly figure was the lowest quarter for dividend hand outs since 2020. Mark Cleland, CEO of issuer services UK, Channel Isl...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
