UK dividends set to lose exchange rate kicker in H2 2017

Previously benefited from sterling boost

Laura Dew
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Exchange rate gains only added £1.2bn to the total headline figure, lower than £1.7bn in Q1
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Exchange rate gains only added £1.2bn to the total headline figure, lower than £1.7bn in Q1

UK dividend growth is set to be weaker in the second half of 2017 as the benefits from exchange rate gains begin to disappear, according to the latest Capita Dividend Monitor.

The total headline dividend figure for the second quarter hit a record, rising 14.5% year-on-year to £33.3bn, the fastest gain in three years. Underlying dividends, which exclude special dividends, rose...

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