Income funds sift for survivors as coronavirus cuts into dividends


LONDON/GDANSK (Reuters) – As companies cut dividends in response to the financial havoc caused by the coronavirus, fund managers whose portfolios rely on the payouts are sifting for those most likely to deliver a sustainable yield when the world recovers.

FILE PHOTO: Pedestrians walk past closed HSBC bank during a national strike in Buenos Aires, Argentina April 30, 2019. REUTERS/Agustin Marcarian

Nearly 70 of the top 600 listed companies in Europe cut or suspended dividends between Feb. 24 and March 31, a Reuters analysis found, while 18 of the top 100 London-listed companies have cut or delayed theirs.

By March

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