Dividends from UK shares are plunging at record rates! This is what I'd do now - The Motley Fool UK
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2020 has proved to be a catastrophe for many dividend investors. Annual payout growth from UK shares was anticipated to slow as the global economy, and thus corporate earnings expansion, cooled. The Covid-19 outbreak has also put paid to hopes of any dividend growth this year, and spectacularly so.
A report by Link Group, published today, illustrates the scale of the carnage. Total dividends from UK shares plummeted 57.2% year-on-year during the second quarter to £16.1bn, it says. If you exclude special dividends payouts dropped 50.2% to £16bn. These figures represent the biggest drop on record.
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