Capita cuts 2017 UK dividend forecast as special payouts drop 90% in Q1

Latest Dividend Monitor

Laura Dew
clock • 2 min read

Special dividends fell by 90% in the first quarter of 2017, twice as much as had been expected, according to the latest Capita Dividend Monitor, but overall payouts rose by 9.5% year-on-year thanks to a weak sterling.

Total dividends for the first three months of the year were £15.4bn, while on an underlying basis dividends rose 16.2% to £15.3bn, according to the quarterly report produced by Capita Asset Services.  However, Capita said special dividends declined 90% to £110m, their weakest quarter for almost six years. The fall was twice as large as Capita had expected and knocked five percentage points from the headline growth rate. UK dividends hit record in Q4 thanks to weaker sterling No company in the FTSE 100 paid a special dividend during the quarter. Retail & consumer services and the ph...

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