Fifth of global companies twice as likely to cut dividends in 2020
Dividend growth far outweighed profit growth in 2019
Companies that offer high but unsustainable dividends - which the team at Henderson International Income Trust (HINT) suspects account for 20% of all investable firms globally - are now twice as likely to slash their dividends as profits are expected to tumble by more than a fifth by the end of the year due to the coronavirus pandemic.
In HINT's Global Dividend Cover Report released last week, the team found that dividends jumped by 8.7% in 2019 to a record £1trn, outstripping global profit growth, which inched ahead by 1.1% to £2.2trn....
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