The trend of rising dividend forecast evident over the summer has continued into September with another 1.1% rise in the total amount of dividends expected to be declared next year to £76.52 billion. A 3.5% rise in the dollar, increasing the sterling value of dividends declared in dollars, was the major influence. This increase is in sharp contrast to the sentiment in the market which fell 5% in September. A consequence of declining capital value and increasing income is that the forecast gross yield of the FTSE 350 is now 4.7%.

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