Dividends declining in real terms

Research by Cazalet Consulting estimates UK dividends are declining in real terms, with negative i...

Research by Cazalet Consulting estimates UK dividends are declining in real terms, with negative implications for the direction of the stock market. The consultancy's work suggests that, after inflation, the dividend on the FTSE All-Share has fallen 5.8% over five years. The figures, calculated up to 31 December 2002, show the All-Share average dividend is down 1.6% over one year, 2.5% over two, 8.3% over three and 4.6% over four years. 'This might help explain why the market is not going anywhere,' said Ned Cazalet, founder of the group. Speaking at Investment Week's with-profi...