Record 2019 for UK Dividends

UK dividends hit a new record high last year of more than £110 billion, helped by special dividends and a weaker pound

James Gard 27 January, 2020 | 8:58AM

Pound

Income investors could be disappointed in 2020 if they are hoping for another record year of dividend payouts. The latest quarterly dividend monitor from Link warns that headline payouts are expected to fall by 7% this year. 

UK dividends hit a new record high last year of more than £110 billion - it was a rise of 10.7% on 2018, according to Link. However a bumper year of special dividends, which totalled £12 billion, helped boost the overall figure. Stripping these out, growth was actually a more modest 2.8%, the slowest rise since 2014. Link's study also points out that the weakness of sterling through 2019 added about £2.4 billion to payouts in the first three quarters of year.

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About Author

James Gard  is content editor for Morningstar.co.uk

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