Investors see dividends reduced
UK companies reduced their dividend payouts to investors by £10 billion in 2009.
This is according to a new report from Capita Registrars, which has revealed there was a 15 per cent reduction in the amount paid out to those that have invested their
private wealth in firms.
The total dividend figure came to £56.9 billion and the banking sector was especially badly hit, with shareholders seeing a £6 billion decline in the amount they received.
Peter Taylor of Capital Registrars told the BBC that further falls could come this year.
’The increasing dominance of the oil companies has left investors highly dependent on a few big stocks to provide them with an income,’ he explained, adding that, as a result, businesses will find it ’tougher’ to increase their shareholder payouts.
Last month, figures from the Office for National Statistics revealed a decline in the number of UK-based individuals who own shares being traded on the London Stock Exchange, with ten per cent of stocks being held by this demographic as of the end of 2008, down from 13 per cent in 2006.
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