The weakness in the pound is expected to boost UK dividends this year by £5.7bn, despite a decline in one-off large special payouts, the latest Dividend Monitor from Link Group revealed.
In the third quarter of 2022, dividends increased to £31.4bn on an adjusted basis, with the weak currency contributing a £1.9bn boost. Payouts in the third quarter were a little less than anticipated due to a decline in mining dividends, even with the exchange rate uplift. "The exceptional weakness of the pound [has] enormously flattered the figures. As the dollar has soared in value, the translated value of dollar dividends has received a boost," said Ian Stokes, managing director at Link Group. "On current trends, the boost in the fourth quarter is likely to be even larger and will...
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