Investing for Income 

GlaxoSmithKline: back to good health

GlaxoSmithKline: back to good health

Dividend Policy: Committed to return at least 80p per share annually until free-cash-flow cover reaches 1.25 to 1.5 times. Then, dividends will be increased in line with cash flows.

Yield: 5.14 per cent.

Payment: Quarterly, declared in sterling.

Last cut: From its formation in 2000 until 2014, GSK paid a gradually increasing dividend. Since then the payout has remained flat at 80p.

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