Income Majors 2019 

BT payout on the line

BT payout on the line

To cut or not to cut: that is, ostensibly, the question facing BT’s (BT) management team. Many investors appear to have drawn their own conclusions about the future of the telecoms group’s dividend; its shares are down by almost a fifth in the year to date, leading to a towering yield of 7.7 per cent. That’s despite BT keeping up the prior year’s 15.4p payout at the preliminary results stage in May; and the fact that, in the same breath, it said it expected to do the same for FY2020. Good news, at least in the immediate term, for income-seeking shareholders.

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