Global dividend plunge to be worst since financial crisis; may drop by 23%

By Marc Jones LONDON (Reuters) - The coronavirus crisis will see the world's biggest firms slash dividend payouts between 17%-23% this year or what could be as much $400 billion(305.44 billion pounds), a new report has shown, although sectors such as tech are fighting the trend.

Global dividend payments plunged $108 billion to $382 billion in the second quarter of the year, fund manager Janus Henderson has calculated, equating to a 22% year-on-year drop which will be the worst since at least 2009. All regions saw lower payouts.

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