While those looking to put their savings into the stock market have seen companies slash the number of dividends available, one expert has said that other businesses have actually increased theirs.
BlackRock, an investments and asset management firm, said that media reports have focused on the companies that have cut their dividends, but 60 per cent on the FTSE 350 have offered more this year.
Among those are major oil companies, which have increased dividends substantially, and those trading in dollars have proved a good investment due to its strength against the sterling.
A representative for BlackRock said those reliant on investments for an income "may feel as if they have suffered a severe 'haircut' recently, as a stream of banks and other household names have cut their payouts".
"However, although the hair may have been re-styled, savers should take some comfort that it hasn't stopped growing," he added.
Alex Brotherston, joint chief executive at Rensburg Fund Management, recently said that people are still searching for good investments in the UK despite the number of casualties from the difficult economic climate.
Investments still available through dividends
Investments still available through dividends
Thu, 25 Jun 2009
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