Industry Voice: Why are companies cutting their dividends?

Dividend cuts have been a hot topic in recent weeks and market reactions have turned the spotlight on firms that have disappointed investors' expectations.

But is this a temporary blip, or a forewarning of a new trend? Is this an epidemic or an isolated breakout? And can we distinguish between those companies likely to succumb and those that are well-placed to thrive? Martin Cholwill, manager of the Royal London UK Equity Income Fund, investigates.

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