UK dividends bounce back at long last

first_img KCS-content whatsapp UK dividends bounce back at long last whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share Tags: NULL Sunday 17 October 2010 11:15 pm UK DIVIDEND payouts bounced back in the third quarter with the forecast for the year lifted to £55.7bn.Investors had suffered five consecutive quarters of falls, according to the latest Capita Registrars Dividend Monitor.The index analyses every dividend paid in the UK market.The strong showing in the third quarter means Capita Registrars upgraded its forecast for the year by £1bn, and now expects £55.7bn in UK dividends. It still means UK companies will pay out 17 per cent less to investors than at the peak in 2008 and five per cent down on 2009.However, if BP had not been forced to cancel its dividend, the total amount returned to investors by UK companies would have risen four per cent. UK-listed companies paid out£17.6bn, up from £17.3bn in the third quarter last year.So far this year UK dividends have hit £46.1bn, down from £47.8bn for the first nine months of 2009.Capita Registrars chief executive Charles Cryer said: “Investors can finally breathe a sigh of relief after a long and painful period of shrinking dividends.“Seeing corporate UK in better health will give the Treasury some cheer ahead of the impending spending review that the economy can withstand the cuts. This year will stillend lower than last year, but with BP promising to turn on the dividend taps again next year, 2011 should see income growth accelerate.”According to the research the underlying position is strengthening. It found 200 companies paid a dividend in the third quarter – equal to last year. The number was reduced by firms who moved their third quarter payouts into the 2009/10 tax year to beat the new 50 per cent tax band. Show Comments ▼last_img

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