AXA IM: UK dividends set for 'fuller recovery' by 2022
'Good news' for utilities and consumer staples
AXA IM's Simon Young
Next year will be a "better year for dividends" for those invested in UK equities while a "fuller recovery" is on the cards for 2022, according to AXA Investment Management's George Luckraft and Simon Young, who added that firms less affected by the Covid-19 pandemic will likely pay some of their deferred dividends later this year.
The managers, who head up AXA's Framlington Monthly Income and UK Equity Income funds, said it is "understandable" that firms have reduced or cancelled their dividends, given the assistance the Treasury...
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