UK Companies that have announced dividend cuts in 2020 (so far)

MaxiRobriguez

I'm expecting most of the companies I hold in my S+S ISA to cut their dividends, which is a shame since I bought them for precisely their security of dividend but so be it. I'll just be happy if they all get through this.

EdGasketTheSecond

Thrugelmir said:

Declared dividends for FY19 are most likely safe. 

No, there are lots of dividends already declared being cancelled and not put to a vote at the AGM of the company.

Thrugelmir

EdGasketTheSecond said:

Thrugelmir said:

Declared dividends for FY19 are most likely safe. 

No, there are lots of dividends already declared being cancelled and not put to a vote at the AGM of the company.

Let's see. Both have strong balance sheets. 

Thrugelmir

Whitbread
Forterra 
Grafton Group
Taylor Wimpey.
Shaftesbury

badger09

@ Thrugelmir

I'm sure many will find this thread very useful, but might I suggest that you add new companies to the 1st post, rather than list them in separate posts. Otherwise, the thread could become very long indeed and it would be necessary to read every post so as not to miss anything

Thrugelmir

Not going to update further. The extent of the crisis is now very apparent. Rippling out financially through the vast majority of listed UK companies. Focus will turn instead those companies that maintain dividend payouts. 

Username999

Ouch
 
https://www.dividenddata.co.uk/dividend-cuts.py?market=alldividends

Prism

Ouch yes. Difficult to know if these dividend cuts will recover over the coming years - I saw an estimate saying around a third will not bounce back. Re-emphasises to me how income or natural yield should only be a part of an investment strategy.

DiggerUK

It seems that cash is king for whoever holds it. With dividends being withdrawn from payment however, it makes the investors peasants, and the company a tyrant.
I don't see investors taking this quietly. It also shows how much borrowings are being rejected in favour of management turning 'Sheriff of Nottingham' to raise liquidity. 

One question I can't answer is how is this being done without agreement at AGM's? Am I right in thinking we have some people who "think its all over" when it hasn't even begun.?

Pension companies and those relying on these payments for their personal pensions, must be panicking about what happens to pensions payments if dividends are not handed over..._

Thrugelmir

Companies aren't holding war chests full of cash. Totally the reverse. Many have high levels of borrowings. Much of which was built up using cheap debt to fund buybacks. There's more Corporate debt now than at the time of the GFC in 2006-2008. Finding companies that will continue to pay dividends whatever. Is similar to panning for gold. With nuggests getting smaller as yields fall.