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Pension funds and investors face hit from dividend collapse
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Pension savers could face a massive hit to the dividends that form a major part of their incomes, as companies slash shareholder payments amid the coronavirus crisis.
Anywhere between 29% and 53% of the value of UK companies’ dividends may be slashed between now and the end of the year, according to new estimates.
Experts at Link Group said that 45% of UK companies have already scrapped their payouts to shareholders, with £28.2 billion worth of dividends being sure to be lost by December, around a third of the total.
It would leave just over £70 billion worth of dividends left for British investors, including many pension funds. However, this could fall as low as £46.5 billion, in Link’s worst-case scenario. “Dividends really matter – not
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