UK companies' Q3 dividend payouts were the lowest for ten years and almost half the level seen in Q3 2019, according to the Link Dividend Monitor.
British firms paid just £18bn to shareholders in Q3 2020 on a headline basis, 49.1% lower than their Q3 2019 total of £35.3bn and the lowest amount paid in a third quarter since 2010's £16.9bn. When adjusted to exclude special dividends, the total payout amounts to £17.7bn, 45.1% below 2019's figure. One-off special dividends fell by 90%, to £299m. The data show London-listed companies have returned £51.6bn to shareholders through the first three quarters of 2020, down 44.3% from 2019's £92.6bn. Link's best-case scenario for the full-year forecasts a 44.6% drop in payouts to £61.2b...
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