For a listed company to cancel a declared dividend is very rare. In the past we've seen this perhaps once per year globally.
Currently we are seeing over 50 companies revising or cancelling dividends per week in the UK alone.
We've been capturing these revisions day by day for our subscribers to keep their portfolios up to date.
We've published here a comprehensive list of dividend revisions in the UK - including cancelled/suspended/deferred/reduced dividends by date.
This is a majority of these although we may have missed a small few, in particular from the first early days before we realised some of the announcements were being made after 7am. Feel free to let us know and we will add them.
Please note: for institutional users, our sister company Woodseer Global provides timely intraday updates for dividend cancellations / suspensions globally - this is available as a structured feed via API, live report or email alerts. A time-delayed report list of cancelled / rescinded dividends is available on Woodseer additionally.
Selected list of UK companies who have cancelled dividends – March to April 2020
9th April
T. Clarke postpones AGM
Mondi cancelled declared dividend
8th April
Aviva cancelled declared dividend
Direct Line cancelled declared dividend
DS Smith cancelled declared dividend
PageGroup cancelled declared dividend
RSA Insurance cancelled declared dividend
Hiscox cancelled declared dividend and will not pay an interim dividend
Barr (AG) will not pay a final dividend
On the beach Group will not pay an interim dividend
S&U declared its final dividend
Tesco declared its final dividend
Tritax Big box declared its Q1 dividend, albeit lower than the guidance.
Greencoat UK Wind declared its Q1 dividend.
7th April
Vesuvius cancelled declared dividend
Cineworld cancelled declared dividend
Alliance Pharma No final dividend
4Imprint cancelled declared dividend
Anglo Pacific, Hilton Foods and Sabre insurance all declared dividends, although Sabre did hold back its special dividend due to Covid.
6th April
Amedeo Air four plus suspends dividend payments
Schroders Real Estate Investment Trust postpones next dividend
Arrow Global cancels declared dividend
Reach PLC cancels declared dividend
GVC Holdings cancels declared dividend
Petrofac cancels declared dividend
Spectris cancels declared dividend and declared special dividend
MJ Gleeson cancels declared dividend
Sthree cancels declared dividend
SCS Group cancels declared dividend
H&T cancels declared dividend
3rd April
Hunting cancelled Final dividend and replaced it with an interim dividend 50% lower
Redcentric No final dividend
Fuller Smith & Turner No final dividend
TT electronics Cancelled declared dividend
BAE systems Cancelled declared dividend
Tyman Cancelled declared dividend
XP Power Cancelled declared dividend
OneSavingsBank Cancelled declared dividend
2nd April
Serco cancelled declared dividend
Bunzl cancelled declared dividend
Bakkavor cancelled declared dividend
Close Brothers cancelled declared dividend
Hotel Chocolat cancelled declared dividend
Hays cancelled declared dividend
Robert Walters cancelled declared dividend
Adept Technologies cancelled declared dividend
John Wood Group cancelled declared dividend
Centrica cancelled declared dividend
Land Securities cancelled declared dividend
Burford Capital No final dividend
Flowtech Fluidpower No final Dividend
Saga dividend suspended
M&C Saachi dividend suspended
1st April
Renew Holdings suspends interim dividend
International Personal Finance Cancels declared dividend
Standard Chartered, Barclays, Lloyds Banking Group, HSBC, Royal Bank of Scotland and Santander UK all cancelled declared dividends and will pay no further dividends in calendar year 2020.
Savills Cancelled declared dividends
Helical, Norcros, Caledonia and Qinetq postponed dividend decisions
31st March
Empiric Student Properties suspends dividend
Prs Reit Q3 dividend deferred
Morgan Advanced Materials Cancelled Declared dividend
AA suspends final dividend
Appreciate Cancels interim dividend
Rotork Cancelled Declared dividend
Nichols Cancelled Declared dividend
FIH No final dividend
Galliford Try Cancelled Declared dividend
St Modwen Properties Cancelled Declared dividend
Smiths Group No interim Dividend
30th March
Amino Technologies Cancelled Declared dividend
Greencore Cancelled Declared dividend
Inland Homes Cancelled Declared dividend
Hammerson Cancelled Declared dividend
Bank of Ireland Cancelled Declared dividend
Oxford Instruments Cancelled Declared dividend
AIB Cancelled Declared dividend
Macfarlane Group Cancelled Declared dividend
IMI Cancelled Declared dividend
Signature Aviation Cancelled Declared dividend
Belvoir No final dividend
27th March
FDM Cancels Declared dividend
Hill & Smith Cancels Declared dividend
Essentra Cancels Declared dividend
Dominos Pizza Cancels Declared dividend
Meggit Cancels Declared dividend
Provident Financial Cancels Declared dividend
Coats Group Cancels Declared dividend
Marshalls Cancels Declared dividends
Finsbury Food Cancels Declared dividend
Scapa Group Cancels Declared dividend
Photo-me International Cancels Declared dividend
Alumasc Cancels Declared dividend
Rightmove Cancels Declared dividend
Balfour Beatty Postpones AGM
Mitie No final dividend
26th March
Hostelworld cuts declared dividend
Weir Group cuts declared dividend
MPAC cuts declared dividend
Senior Plc cuts declared dividend
James Fisher cuts declared dividend
British Land cuts declared dividend and suspends future payments
SIG Plc No final dividend
Topps Tiles No Interim dividend
Renewi No final dividend
Ocean Wilson holdings cuts declared dividend from US 70 cents to US 30 cents
25th March
Cairn homes cancels declared dividend
DFS cancels declared dividend
Vitec cancels declared dividend
Persimmon cancels declared dividends
Volution Group cancels declared dividend
Rentikil cancels declared dividend and suspends dividend payments
Unite cancels declared dividend and suspends dividend payments
McCarthy & Stone cancels declared dividend
Morgan Sindall cancels declared dividend
Wilmington cancels declared dividend
Mears will not pay a final dividend
Halfords suspends dividends indefinitely
St Modwen Properties adjourns AGM therefore delaying the dividend until a new AGM approves the dividend.
Keller, similarly to NEXT plc, has put the declared dividend under review
Animalcare defers the payment of its final dividend
Bellway will not pay an interim dividend
Walker Greenbank will not pay a final dividend
SSP defers final dividend payment from 27/3 to 4/6 and will ask shareholders to waive their entitlement. Will not pay an interim for H1 2020.
24th March
Santander has cancelled its 2020 interim (paid in November 2020) choosing instead to make a single payment in May 2021. Declared dividends unaffected.
Mortgage Advice Bureau was going to declare 12.8p, but instead has declared 6.4p now with 6.4p delayed.
Dunelm has cancelled their declared dividend
Redrow has cancelled their declared dividend
Gateley has cancelled their declared dividend
RPS has cancelled their declared dividend
23rd March
Stagecoach. No final dividend
Go ahead cancels declared dividend
Aggreko Cancels declared dividend
Card Factory No final dividend
ITV cancels declared dividend
IWG cancels declared dividend
N Brown Group suspends dividends for the foreseeable future.
20th March
Travis Perkins cancelled their already declared dividend
Intercontinental Hotels Group Cancelled their declared dividend
Marks and Spencer will not pay a final dividend this year
JD Wetherspoon will not pay an interim dividend
SCS declared an unchanged dividend of 5.5p
19th March
National express - Monitoring their declared dividend
Playtech cut their declared dividend
Portmeiron no final dividend to conserve cash
NewRiver reit Q4 dividend cut
Crest Nicholson cut their declared dividend
Next plc deferred final dividend
Elementis Cut their declared dividend
18th March
Micro Focus pulled its declared dividend this morning
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