Buxton: BT's Dividend is Unsustainable

Old Mutual Global Investors' chief exec Richard Buxton is bullish on UK equities and their dividends - with the exception of BT

Emma Wall 7 December, 2017 | 11:38AM

Dividend pay-outs look health says Richard Buxton

UK dividends look in great shape going into 2018, says Old Mutual chief executive Richard Buxton. Silver Rated fund manager Buxton, who runs the Old Mutual UK Alpha fund, is confident that the UK market is through the worst of the cuts to pay-outs, with a few notable exceptions.

“I do not think BT’s (BT.A) dividend is sustainable, but we would probably buy the stock if it cut the pay-out,” he said.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BT Group PLC105.75 GBX2.08
HSBC Holdings PLC325.55 GBX0.18
Lloyds Banking Group PLC27.79 GBX-1.33
Next PLC5,714.00 GBX1.67
Royal Dutch Shell PLC B1,116.80 GBX-1.74

About Author

Emma Wall  is former Senior International Editor for Morningstar

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