UK dividends hit Q1 record at almost £20bn
Underlying growth forecast at £99.7bn for 2019
Michael Kempe of Link Market Services
Large one-off payouts helped push UK dividends to a first quarter record of £19.7bn, with UK dividends averaging a near-historic high, rising 15.7% to a yield of 4.6%, according to the latest quarterly dividend monitor from Link Asset Services.
The growth was primarily the result of very large one-off special dividends, such as mining firm BHP's £1.7bn payout, making up for slower-than-expected growth in underlying dividends, which rose by just...
