UK dividend growth strong in Q2 despite sterling slump

UK dividend growth rose 6.1% in underlying terms

Tom Eckett
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UK dividends rose 6.1% in underlying terms
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UK dividends rose 6.1% in underlying terms

The fall in sterling masked robust growth in underlying dividends in the UK in Q2, according to the latest Janus Henderson Global Dividend index, with a rally in miners leading to a "better than expected" rise of 6.1% when FX effects were removed.

Looking at data to 30 June, the index - which analyses the dividends paid by the largest 1,200 companies globally by market cap - highlighted a 3.5% dip in headline dividend growth in the UK to $32.5bn...

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