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
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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
BHP Group PLC1,894.40 GBX0.15Rating
Compass Group PLC1,476.00 GBX0.79Rating
Rio Tinto PLC4,811.50 GBX-0.61Rating
Taylor Wimpey PLC171.35 GBX0.88
Tesco PLC262.90 GBX0.48Rating

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David Brenchley

David Brenchley  is a Reporter for

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