UK dividend cover among lowest as global cover falls to ten-year low

The Link Group UK Dividend Monitor also reported that while UK dividends rose 6.9% on a headline basis in the third quarter to £35.5bn, they contracted 0.2% on an underlying basis, making for the worst quarterly performance in three years. The HINT report found that global profits soared to a record £2.3trn in 2018, up 7.2% year on year, and are expected to grow again to £2.4trn this year. Dividends rose faster than profits, climbing 9.2% to a new record of just over £1trn last year, while this year dividends are set to rise again, increasing 8.7% to £1.1trn and outstripping pro...