When excluding one-off special payments, regular dividends reached £32.5bn, also representing a new record and a 1% increase year-on-year on a constant currency basis, according to Computershare’s Q2 UK Dividend Monitor.
This low underlying growth rate of just 1% can be attributed to a volatile mining sector which saw a second consecutive year of cuts, reaching £2bn in Q2.
Had the mining sector been excluded from the data, growth would have been recorded at 8.6%.
Growth was notably broad-based too, with 16 out of 21 sectors seeing increased payouts.
HSBC regains crown as top UK…
Read the full article here
