Dividend growth results in windfall for pensions holders

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Dividend growth results in windfall for pensions holders

Shareholders were handed out £19.1 billion pounds in dividends in the second financial quarter to June this year, resulting in a windfall for pension funds.

According to Capita Registrar's latest Dividend Monitor report, the payout was the largest since before the recession as company shares reached a three-year high.

This resulted in a 27 per cent increase in total dividend payouts with 403 companies rewarding shareholders, compared to 372 at the same time in 2010 and 70 more than the low point in the first half of 2009 following the recession, reports Portfolio Advisor.

"Shareholders have reason to cheer. Dividends are finally flowing freely again," said Capita Registrar's chief executive Charles Cryer. "Growth is coming from almost all corners of the market."

However, the rapid rise in payouts could quickly begin to wane as results released yesterday (July 26th) from the Office for National Statistics showed the UK economy grew by just 0.2 per cent in the second quarter, down from 0.5 per cent in the first three months of the year.

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