£25bn in dividends axed as UK companies hunker down
Nearly half of Britain’s biggest firms scrapping shareholder payouts, analysis shows
British companies have scrapped £25bn of shareholder payouts, or one-third of the dividends expected by investors during the rest of 2020, as they attempt to preserve cash during the coronavirus crisis.
An unprecedented number of firms, representing 45% of Britain’s biggest public companies, have already axed their scheduled investor payouts or are due to do so, according to the financial data firm Link Group.
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