Henderson Eurotrust to switch dividend policy amid dividend cuts

The £271m company currently seeks to pay a progressive dividend, but chair Nicola Ralston said she had previously noted the pace of dividend growth produced by the fund "was likely to moderate" as the growth companies in which it invests "often choose lower dividend payout ratios in order to invest more cash in profitable growth". "However, due to the economic and political impact of Covid-19, the anticipated lower payout ratios from the portfolio of companies we choose to hold has coincided with cuts in dividends which were simply not contemplated a year ago," Ralston rued. ACG 'frus...