28 April 2010
Dividend dash to beat 50% tax rate
Capita Registrars has released the latest Dividend Monitor report which was published this week. Below is the summary of the findings:
- Q1 dividends fall just 2.5%, slowest decline since recession began to bite
- Twice as many companies increase payouts compared to those who cut them
- 10% of firms bring forward dividends from Q2 to Q1 - mainly smaller caps
- Another 21 companies bring forward their payments to 1 April
- In total, £842m of dividends shifted forward into 2009/10 tax year
- Adjusting for one-offs, dividends fall 7% year on year
- Biggest payers cut £1bn - oils and HSBC reduce their payouts
- Weakness at the top, means 2010 forecast cut to £59.2bn, up 1.3% on 2009
- FTSE 100 yields 4%, FTSE 250 3.4%
To read the full report, click here and if you would like to be added to our mailing list to receive future issues please email Dallen@capitaregistrars.com.
For further information contact either:
Paul Etheridge
- +44 (0) 20 7954 9706
Head of Corporate Advisory
Phil Roberts - +44 (0) 20 7954 9703
Deputy Head of Corporate Advisory
Ian Shaw - +44 (0) 20 7954 9705
Head of Offshore Business Development