UK dividends fall in Q3 as 2023 outlook downgraded

Computershare UK dividend monitor

clock • 2 min read

UK dividends fell to £27.5bn, down 8.3% year-on-year, in the third quarter of 2023, according to data from Computershare.

Steep cuts to mining dividends and lower one-off special dividends were the primary reason for the reduction, the study found. Mining dividends fell 23.6% year-on-year due to lower commodity prices impacting profits, taking five percentage points off Q3's growth rate. One-off special dividends declined by three quarters to £835m - less than half of the Q3 average for the last ten years,  reducing the headline growth rate by over seven percentage points. Global dividends hit Q1 record of $326.7bn Regular dividends, which exclude one-off special dividends, totalled £26.6bn for the...

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