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
- BP's projected dividend payment equivalent to almost £2bn was cancelled
However, adjusting for these one-off factors, UK dividends rose by almost 7 per cent in the second quarter.
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