Money Observer: Rule change may lead to dividend cuts for UK equity income funds
Gavin Haynes, of wealth manager Whitechurch Securities, says he would be surprised if dividend cuts materialised.
‘I think it is quite unlikely dividends will be cut, as fund groups are fully aware of the high demand for income in this continued low interest rate environment. I would also be surprised if there was a move away from income towards capital – what investors want more than anything is to see dividend growth go up each year, so I think the main focus will still be on generating income.’
Full article available at: Money Observer - Rule change may lead to dividend cuts for UK equity income funds
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