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 £25.7billion in the second quarter of 2021.
Welcome return: Savers who were denied most of their dividend income last year, saw firms pay out £25.7billion in the second quarter of 2021
This was up 51.2 per cent from the same time last year, according to Link Group – ahead of expectations.
Payouts were still around a sixth lower than the pre-pandemic average, as some struggling companies are still yet to let cash out of the door.
But Link now expects dividends to hit £79.5billion this year – £2.5billion 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.
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