British firms paid out a bumper £25bn in dividends in the three months to the end of June, the largestever quarterly payment by UK firms to investors.
During Q2 2013, UK plc rewarded shareholders with £25.3bn in gross dividends, a rise of £1.8bn or 7.6 per cent from the same period a year ago, according to Capita’s UK Dividend Monitor.
This follows a first quarter when dividends fell by 25 per cent to £14.1bn. Despite the increase, Capita has revised down its forecast for the full year’s total, estimating that 2013’s total dividend payouts will be £81.4bn – 1.1 per cent ahead of 2012’s total.
Hargreaves Lansdown senior investment manager Adrian Lowcock says: “In the current climate, it is challenging enough to find an investment which pays out an income above inflation, let alone finding one where the income paid can also grow above inflation.”