Dividend payouts are expected to return to near pre-pandemic levels after miners and banks led a revival in the first quarter of 2021.
Asset manager
It comes after a strong first quarter for payouts which were just 2.9 per cent lower than in the same period last year, pre-pandemic, at
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Dividend payments fell at their slowest pace in a year, down just 1.7 per cent lower than the same period last year, a smaller decline than the three preceding quarters.
Since the outbreak of coronavirus, companies have cut dividends worth
Now
“We are more optimistic given that Q1 was undoibtedly better than expected and we are now more confident that companies are willing and able to pay dividends, especially those companies that have traded well,”
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“There is certainly much less downside risk to payouts this year than previously anticipated, though the timing and magnitude of individual company payouts is going to be unusually even and this will add volatility to the quarterly figures,” she added.
In the
Globally, mining companies led the recovery as soaring commodity prices helped to drive growth with payments boosted by large one-off special dividends.
Miners raised their dividends by 85 per cent on a headline basis with more on the horizon, while utilities and healthcare firms also saw higher payouts.
Similarly, in the
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