Misery for investors as FTSE giants cut dividends by almost £24bn

Stats provided by broker AJ Bell show that since the start of the outbreak there have been 42 cuts by FTSE 100 companies totalling £23.8bn. Russ Mould, investment director at AJ Bell, said: “There has to be a good chance that it takes UK dividends a while to get back to their 2018 high.