The latest quarterly dividend monitor published in late July by Computershare notes that although UK dividends fell 9% on a headline basis to £32.8 billion in the second quarter on the back of sharply lower one-off special dividends, regular dividends rose by more than expected – 3.5%, to £32.2 billion.
The UK banking sector alone paid out £7.8 billion and is expected to make the largest contribution to dividend growth for the full year.
“The dividend outlook has brightened in the short term,” says Mark Cleland, CEO issuer services United Kingdom, Channel Islands, Ireland and Africa at Computershare.
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