Dividend payouts rise to all-time high of £25bn

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DIVIDEND payouts distributed by UK companies rose to an all-time high of £25.3bn in the second quarter of the year, according to new figures.

But the growth in investor payouts is slowing amid a profit squeeze on British firms, according to analysis by Capita Registrars.

The latest figure was the largest ever quarterly total, £11.2bn higher than the first quarter, the figures showed.

Media, financial services and food producers performed most strongly with double digit growth though pharmaceuticals – which account for £1 in every £12 of all dividends – were down 0.3 per cent amid difficulties in product development.