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Investors boosted by dividend rise

UK investors have benefited from larger dividend payments over the past quarter after big payouts from miners, tobacco firms and life insurers, new data has revealed.

Registrar Capita said shareholders scooped up £19.1 billion in the three months to June, which represents a 27 per cent increase on the same period in 2010.

A large chunk of the £4.1 billion rise was attributed to miners as they more than quadrupled their payouts.

Cyclical sectors forked out 35 per cent more against 13 per cent for defensive-type companies and the amount of firms paying dividends increased to 403 in the first half of the year compared to 372 during the same period last year.

Charles Cryer, Capita Registrars' chief executive, said: "Miners have taken the spotlight as they continue to make bumper profits from booming commodity prices, but growth is coming from almost all corners of the market."

Mr Cryer warned that investors looking for extra income and shelter from inflation via equity yields still face risks as dividends remain at the mercy of companies needing to preserve cash during tough times.

Copyright © Press Association 2011

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