British companies paid out record dividends in 2011, despite difficult economic conditions and recent evidence that more firms were struggling. Dividends hit a record £67.8 billion.
Total gross dividends rose 19.4 per cent for the full year, even though Britain’s main share index lost ground during 2011. And payments soared 26 per cent in the fourth quarter alone, compared with the same period in 2010.
Capita chief executive Charles Cryer said: “Record dividends are providing a real bright spot for investors ...We are optimistic dividends will make further progress in 2012..."
Something to remember when your wages are frozen.