Investors are braced for their dividend income to fall by 13% this year as Britain's quoted companies horde cash to ride out the recession, reports the Guardian.
The diminished dividend pot of just £52bn is bad news for Britain's pension funds, which rely on the yield from their shareholdings to meet their commitments. Research by share registration company Capita Registrars showed during the first six months of the year, companies were more interested in raising capital than rewarding shareholders, collecting a record £51bn to bolster battered balance sheets- more than in the five years from 2003 to 2007. Full story.....
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