UK dividend payments down 8.5%
in 2nd Quarter 2010

UK companies paid out £15bn in dividends in the second quarter
8.5 per cent less than the same period a year earlier.


According to Capita Registrars, exceptional factors played a role in dividend payments being down, including:

  • timing effect of £260m of dividend payments brought forward to pre April 6th, 2010, in order to beat the introduction of the 50% top tax rate

    AND

  • BP's projected dividend payment equivalent to almost £2bn was cancelled


Dividends
Paid £bn
200820092010
Q1£12.6£13.910.2%£13.6-2.5%
Q2£22.0£16.4-25.5%£15.0-8.5%
H1£34.6£30.3-12.5%£28.6-5.6%


However, adjusting for these one-off factors, UK dividends rose by almost 7 per cent in the second quarter.

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