Scrip dividend trends and take-up
The value of scrip dividend in the STOXX 600 is expected to decrease to €13.1bn for FY19 after €14.5bn in FY18
• We forecast 32 companies among STOXX 600 to offer scrip
dividends for FY19 vs. 38 in FY18
• Average scrip take-up is the lowest in the UK (24%) and highest
in Spain (76%) over the FY10-FY17 period
• We expect the utilities sector to be biggest contributor to scrip
dividends, followed by banks
• The largest scrip dividends are forecasted from HSBC, BP and
Iberdrola
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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.