UK firms pay record $36 billion in second-quarter dividends

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UK firms pay record $36 billion in second-quarter dividends

Reuters – UK companies paid a record 22.6 billion pounds ($35.50 billion) in dividends in the second quarter as many firms baulked at spending bumper cash piles on deal making or other forms of capital expenditure in the face of the global economic slowdown. The quarter, which usually sees the biggest dividend payouts, was the sixth consecutive quarter of growth and took the half-year total to 41.4 billion pounds, a 21.3 percent gain on 2011 and the fastest period of growth since 2007, Capita Registrars said in a report. Read Article

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