Stocks
UK investors take £10bn hit on dividends
(THIS IS MONEY) - Investors were forced to take a hefty 15% cut in share dividends on the chin last year, a new survey has revealed.
The figures, compiled in Capita Registrar’s Dividend Monitor, reveal that £57bn was paid out by companies - £10bn less than 2008.
The news will hit shareholders hard, as receiving and reinvesting dividends is by far their biggest source of return in the long term.
And the gloomy picture was made worse by the fact that companies tapped up investors for more cash in share value diluting rights-issues than they paid out in dividends.
© 2010 Business News Today. 
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