UK investors to receive £2.8bn post-Brexit dividend windfall in H2

According to the latest quarterly Capita Dividend Monitor, if the exchange rate stays at lows of $1.33 in the second half of the year, UK dividends declared in dollars will be boosted by £2.7bn, with an additional £120m coming from those declared in euros. Overall, Capita expects sterling devaluation to boost UK dividends by £4.3bn in 2016, and has therefore upgraded its underlying dividend forecast for the year by 0.5% to £76.9bn. "For as long as the pound stays low, and there is little to support it at present, those gains will persist in future years too, though of course, the glob...