UK equities grapple with Covid-19 dividend cancellations
UK equity market participants are assessing the impact of a huge number of dividend cancellations or postponements. It is another layer of fundamental disruption to business as usual, brought about by the coronavirus pandemic, and one which could have wider repercussions.
Around 120 UK companies have announced that they will cancel or suspend dividends because of Covid-19, according to Peel Hunt. The broker calculates the value of these dividends at around £11.8bn.In addition, some financial companies now can’t pay dividends after the Bank of England threatened to ...
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