Darius McDermott: Four rock-solid equity income funds for 2021
The pandemic, Brexit and a new US president mean hunger for a sustainable income will be as strong as ever
This year has been a rough ride for income investors, as companies cut dividends across the globe to shore up their balance sheets in the midst of the coronavirus pandemic.
The latest Janus Henderson Global Dividend Monitor estimates that global dividends will fall between 17.5% and 20.2% in 2020 – adding that its best case scenario will see a total of $224bn of dividend cuts .
Some places have been hit harder than others. For example, the UK and Australia, which have traditionally paid out a large portion of their profits to their investors in the shape of dividends.