UK Equity Income funds are under the spotlight as dividend payers dwindle

Top dividend-paying companies still account for majority of the UK equity income market with high degree of overlap at the top of the table

With interest rates still at an all-time low and increased confidence in equity markets, the UK equity income sector remains in the spotlight for investors seeking income and the possibility of capital growth. At our last review in October 2009, we touched on the high levels of income concentration within the UK market, and with many of the banks still restricted on paying a dividend, the picture remains much the same six months on. Given the top 10 dividend-paying companies still account for over 50% of the entire market dividend, it comes as no surprise there remains a high degree o...