FTSE 350 dividend cover falls to lowest level since 2009

Concern over prospects for FTSE 250 after referendum

Laura Dew
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FTSE 350 dividend cover falls to lowest level since 2009

Plummeting profits for the largest 350 UK companies in 2015 pushed down dividend cover levels to their lowest since the end of the last recession, with warnings of deterioration for FTSE 250 names following the Brexit vote.

The analysis, using data from The Share Centre's Profit Watch UK report and the Capita Asset Services UK Dividend Monitor, shows dividend cover has fallen by 38% in the past year for the FTSE 350, dropping...

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