Dividends market gains from sterling dichotomy

Hendersons' Job Curtis sees tumbling currency as beneficial to investors receiving dividends from US companies

A tumbling sterling is creating a quasi two-tier market around dividends, according to leading income managers. Job Curtis, head of value and income at Hendersons says the dichotomy between what the pound is now worth against the US dollar compared to last year will be beneficial to investors who will receive dividends from companies reporting in US dollars. "Companies with large overseas earnings, that are part cyclical, like Unilever, and earning 85% of profits overseas are seeing good growth. As the pound has fallen so much against the dollar and euro, you will get an automatic trans...