Mining Stocks Boost UK Dividend Pay-outs by £3bn

Miners more than trebled their dividend payments compared to 2016, while travel and leisure stocks doubled pay-outs to UK investors

David Brenchley 26 October, 2017 | 3:05PM

After a bumper first half for dividend payments, investors in UK companies profited once again in the third quarter, data released this week shows.

The £28.5 billion paid by UK plc to shareholders in the third quarter of 2017, a year-on-year growth rate of 14.3%, was the third best quarter on record, the latest Capita Dividend Monitor found.

The total “confounded expectations of a slowdown on the rapid levels seen in the first half”, Capita said. It’s hiked estimates for total full-year 2017 headline dividends by £3 billion to £94 billion, up 11.1% year-on-year. The first half was particularly strong thanks to sterling’s devaluation. Strip that positive effect out, and full-year underlying growth is 8.5%. Special dividends rose two-fifth to £1.5 billion.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BHP Group PLC1,664.80 GBX0.25
Compass Group PLC1,115.00 GBX1.46
Rio Tinto PLC4,616.00 GBX0.09
Taylor Wimpey PLC145.00 GBX1.12
Tesco PLC214.80 GBX1.51

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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