SVM: investors must revise dividend expectations

McLean, who is managing director at the firm, warned that recent dividend cuts from banks and other household names will hit investors hard. This follows more than 12 months of poor share price performance from high yielding areas, such as consumer stocks. McLean pointed to a dramatic end in dividend growth after 15 years of rises. Over that period, Royal Bank of Scotland grew its dividend at a yearly average of more than 17pc, though this ended with the recent rights issue. "Far from being in a position to grow dividends, Royal Bank now actually wants money back from its investors," ...