Dividend payouts dropped by 8% last quarter, but UK equities could still offer strong opportunities for income-hungry investors.
Total payouts came to £25.6 billion in Q3, according to financial services company Computershare. This is down from £27.8 billion a year ago, as cuts in the mining and utilities sectors took their toll, alongside a drop in one-off special dividends.
Despite this, “dividend growth in the third quarter was much more encouraging than the figures suggest,” says Mark Cleland, chief executive of issuer services at Computershare.
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