Dividend cash sets record
The quarter, which usually sees the biggest dividend payouts, was the sixth consecutive quarter of growth and took the half-year total to £41.4bn, a 21.3 per cent gain on 2011 and the fastest period of growth since 2007, Capita Registrars said in a report this week.
As a result, the firm updated its expected full-year total for UK firms by £2bn to £78.3bn.
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Hide AdLarge special dividends by the likes of Old Mutual, GlaxoSmithKline and Antofagasta all boosted the quarterly total, although structural growth was also seen.
“Cash flow is still strong, yet corporate investment is very depressed,” Capita Registrars said.