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Income investors enjoying Q2 record dividends
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Latest from MoneyWeek
Income investors have enjoyed a strong quarter with UK companies paying out their all-time highest levels of dividend payments, according to industry research.
Over the three months from April to June, banking stocks paid a record £11.1 billion in dividends, up 20.6% on last year’s equivalent and contributing four fifths of the aggregate dividend growth over the period.
“The sector’s balance sheets are very strong and this, combined with high profitability has enabled significant dividend growth,” it said.
Overall mining sector payouts rose 27.5% on a headline basis, up £917 million year-on-year.
Which sectors struggled with dividend payouts in Q2?