The coronavirus pandemic has had a dreadful impact on equity dividends, particularly in the UK market. Between 31 March 2020 and 31 March 2021, UK companies cut their dividends by 41.6% on an underlying basis, according to the latest Link Dividend Monitor. The cuts have continued into 2021, with a 26.7% fall on an underlying basis in Q1. That said, there was a headline increase of 7.9% thanks to the second-highest special dividends reported, thanks to large payouts from Tesco and the rallying mi ....
12 May 2021
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Riders on the storm
US Solar Fund Plc (USFP:LON), 36.0 | HICL Infrastructure PLC (HICL:LON), 123 | Renewables Infrastructure Group Limited GBP Red.Shs (TRIG:LON), 99.4 | NextEnergy Solar Fund Ltd (NESF:LON), 72.8 | M&G Credit Income Investment Trust Plc (MGCI:LON), 94.2 | NB Global Monthly Income Fund Limited Red GBP (NBMI:LON), 52.5 | Greencoat UK Wind Plc (UKW:LON), 138
- Published:
12 May 2021 -
Author:
Thomas McMahon, CFA -
Pages:
7
The coronavirus pandemic has had a dreadful impact on equity dividends, particularly in the UK market. Between 31 March 2020 and 31 March 2021, UK companies cut their dividends by 41.6% on an underlying basis, according to the latest Link Dividend Monitor. The cuts have continued into 2021, with a 26.7% fall on an underlying basis in Q1. That said, there was a headline increase of 7.9% thanks to the second-highest special dividends reported, thanks to large payouts from Tesco and the rallying mi ....