Dividend watch

Dividend watch is a unique research initiative by investment adviser Dennehy Weller analysing dividend payments by IMA equity Income sector funds each month, highlighting changes in payouts, funds to buy and funds to avoid.

This service monitors not just UK but also the range of relatively new global equity income funds. The opportunities to diversify through the latter funds is extremely valuable, but only if dividend payouts can be broadly maintained.

The table illustrates funds that have gone XD the previous month.

If you wish to sign up to the dividend watch please send an email to dividendwatch@dwcifa.com.

Company name	Fund name	Payout (pence)			Direction			Yield %	Freq.
		Last year	This year	Up/down %	Up	Down	Same
Allianz	UK Equity Income	4.760	5.05	6.09%				7.74	H
Artemis	Income	4.183	3.1909	-23.72%				6.2	H
Aviva	UK Equity Income	1.217	1.1569	-4.94%				5.97	H
Axa Framlington	Monthly Income	0.690	0.4	-42.03%				8.12	M
Baille Gifford	Income	4.500	4.500	0.00%				6.49	Q
Baring	Equity Income	1.038	1.010	-2.70%				4.05	Q
Blackrock	UK Income	2.300	2.300	0.00%				4.43	Q
Credit Suisse	Monthly Income	0.570	0.588	3.16%				6.95	M
Henderson	UK Equity Income	4.619	3.430	-25.74%				8.15	Q
HSBC	Monthly Income	0.50	0.40	-20.00%				5.24	M
Ignis	Asset Higher Yield	0.80	0.80	0.00%				6.74	Q
Insight	Equity High Income	2.313	1,486	-35.75%				5.86	Q
Lazard	UK Income	6.230	3.504	-43.76%				6.20	Q
Martin Currie	UK Equity Income	1.820	1.77	-2.75%				7	H
Neptune	Quarterly Income	1.099	1.414	28.66%				6.66	Q
New Star	UK Strategic Income	0.1703	0.2036	19.55%				13.2	Q
Rathbone	Income	9.00	9.00	0.00%				6.3	H
T Bailey	Equity Income	0.664	0.851	28.16%				6.91	Q
Threadneedle	UK Equity Income	1.927	1.927	0.00%				6.1	H
Threadneedle	UK Monthly Income	0.2	0.2	0.00%				5.7	M

^{The equity income funds featured in this table must have values in excess of £50m and be available on the Cofunds platform.}