UK-listed companies could cancel about US$60 billion in dividend payments this year following Britain's lockdown and calls from regulators to ...
UK-listed companies could cancel about US$60 billion in dividend payments this year following Britain's lockdown and calls from regulators to preserve cash during the coronavirus crisis, according to a report by analytics company Link Group.
As Britain battles to curb the spread of virus, the report published on Thursday showed that a record 41per cent of dividend payouts by the country's listed companies were under threat if the situation worsens.Link Group, which provides shareholder management services as well as analytics, said it based its UK Dividend Monitor findings on publicly available data from companies listed on Britain's main stock market, and consensus analyst forecasts.
British banks led the way as top lenders scrapped or postponed 13.6 billion pounds in planned payouts after the Bank of England asked them to halt dividends, while also encouraging them not to pay executive bonuses.
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