Mail Online

Savers cheer dividend comeback

INVESTORS will be welcoming the return of the dividend as payouts roared back between April and June.

Savers who were denied most of their dividend income last year, when companies held on to cash during the pandemic, saw firms pay out £25.7bn in the second quarter of 2021.

This was up 51.2pc from the same time last year, according to Link Group – ahead of expectations. Payouts were still around a sixth lower than the prepandemic average, as some struggling companies are still yet to let cash out of the door.

But Link now expects dividends to hit £79.5bn this year – £2.5bn more than it predicted in April.

The biggest payouts came from the mining, banking and oil sectors, with bank dividends expected to be a large contributor for the rest of the year.

CITY & FINANCE

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2021-07-26T07:00:00.0000000Z

2021-07-26T07:00:00.0000000Z

https://mailonline.pressreader.com/article/282789244469380

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