After slashing payouts as the Covid crisis hit, companies are now bringing back their dividends.
Dividends from UK-listed firms jumped a 51.2 per cent to £25.7bn between March and June, according to the latest UK Dividend Monitor from Link Group.
This beat its expectations but the total payout remains a sixth below its pre-pandemic average levels.
Mining and banking accounted for two-thirds of the increase, according to the report, while the oil sector acted as a brake.
However, oil big guns Shell and BP are keen to lure investors back in with payouts and for those hunting income, the FTSE is making something of a return.
On this episode of the Investing Show Simon Lambert and Richard Hunter discuss which firms and sectors are returning to rewarding investors.
Link’s Dividend Monitor shows payouts bouncing back but still below pre-pandemic levels
