Fears grow for equity income payouts as more cuts forecast

The news follows the announcement from Artemis last week it would be cutting the income yield on its £2.4bn Income fund by 25% per annum. The £260m JPM Premier Equity Income fund is expected to see its dividend fall from 5.55% to 5.14% per annum. Meanwhile, Hilary Aldridge, manager of the £52m F&C Growth and Income fund, says investors may see a fall of around 20%. St James's Place is also anticipating a 20-25% cut on its £356m Equity Income fund, managed by Schroders' Nick Purves. This is in line with the same cut on the Schroder Income fund, also co-managed by Purves. The £203m H...