UK dividends payout in Q1 totals £18.8bn. Will it last?

Monday, Apr 30 2012 by
2

I doubt it . . .

U.K. dividend payouts soared by 25% in the first quarter of 2012 to reach £18.8bn, according to the latest Dividend Monitor report from Capita Registrars, which analyses data provided by Exchange Data International. In total, British firms paid out £3.8bn more than the same period in 2011, making 2012 a record for the first quarter.

The headline total dividend payout for Q1 was boosted by two very large distorting factors. Vodafone and Cairn Energy each paid out £2.2bn in the form of special dividends. Vodafone's reflects the strong performance at Verizon Wireless, in which it owns a 45% shareholding, while Cairn was returning cash to shareholders on the disposal of assets in India.

But will it last?

Capita expects an acceleration in U.K. dividend payouts as the year progresses, providing the eurozone doesn't implode again. Capita has cut its underlying forecast growth rate to 8.2% for the full year to reflect the slower first quarter.

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Filed Under: Income Investing,

Disclaimer:  

Steven Dotsch - Managing editor - http://www.dividend-income-investor.com - Guide to Dividend Investing, at: http://www.dividend-income-investor.com/guide-to-dividend-investing/ - Dividend Value Profiles, at:   http://www.dividend-income-investor.com/british-american-tobacco/


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Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets. Vodafone Red offers consumers and businesses a package with mobile data allowances, unlimited calls and texts, plus cloud and back-up services to secure personal data. Vodafone Cloud allows customers to store their personal digital content, such as contacts, photos and videos in the Vodafone network and to access it on the move from any connected device. Vodafone OneNet integrates landlines and mobiles providing a communication solution. Vodafone Secure Device Manager gives customer a way to manage many of their smart devices. more »

Share Price (Full)
255.35p
Change
0.7%
Mkt Cap (£m)
67,261
P/E (fwd)
45.0
Yield (fwd)
4.5
62

Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company’s operations are organised based on geographical regions. Its geographical segments include: the Atlantic Margin, the Mediterranean and United Kingdom and Norway Cairn’s business operations are focused on exploration acreage in North West Europe, North West Africa, North Atlantic and the Mediterranean, underpinned by interests in development assets in the North Sea.. The Company’s wholly owned subsidiary includes Capricorn Oil Limited. more »

Share Price (Full)
169.6p
Change
-0.4%
Mkt Cap (£m)
980.9
P/E (fwd)
n/a
Yield (fwd)
n/a

AstraZeneca PLC is the United Kingdom-based global biopharmaceutical company. AstraZeneca discovers, develops and commercializes prescription medicines for six areas of healthcare: Cardiovascular, Gastrointestinal, Infection, Neuroscience, Oncology, and Respiratory and Inflammation. It has a range of medicines that includes treatments for illnesses, such as its antibiotic, Merrem/Meronem and Losec/Prilosec for acid related diseases. AstraZeneca’s products include Crestor, Atacand,Seloken/Toprol-XL, Plendil, Onglyza, Zestril, Symbicort and Zoladex. The Company owns and operates a range of research and development (R&D), production and marketing facilities across the world. AstraZeneca operates in over 100 countries, including China, Mexico, Brazil and Russia. more »

Share Price (Full)
4372.5p
Change
-2.7%
Mkt Cap (£m)
56,758
P/E (fwd)
16.5
Yield (fwd)
4.1



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