Today

Oil and gas

Utilities

Basic materials

Dividend yield (%)

5.3

4.9

4.6

Source: Schroders, Thomson Reuters Datastream, MSCI. All data relating to UK refers to FTSE All-Share and all data relating to Europe refers to the MSCI EMU and the two indices’ top-level industry groupings. Important Information: This document is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommenda-tions. Information herein is believed to be reliable but Schroders does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions. Past performance is not a reliable indicator of future results, prices of shares and the income from them may fall as well as rise and investors may not get back the amount originally invested. Schroders has expressed its own views in this document and these may change. Issued by Schroder Investment Management Limited, 31 Gresham Street, London EC2V 7QA, which is authorised and regulated by the Financial Conduct Authority. For your security, communica-tions may be taped or monitored. w47305

Vs

£2.1 trn

UK v Europe: Where can I find income?

Dividend dynamos1

£72.4 bnTotal annual dividends

Size of equity market

£2.5 trn

£76.5 bnTotal annual dividends

Headline stats2

Dividend yield (%)

2.02000 peak

2.72007 peak

3.4Today

1.52000 peak

2.82007 peak

Dividend yield (%)

3.1Today

Top-yielding sectors3

Historic equity market performance and yield comparison4

UKFrom 09/06/95 to 09/06/15 monthly

95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 151500

2000

2500

3000

3500

4000

Today Dividend yield (%)

6.7

5.5

Telecommunications 3.7

Oil and gas

Utilities

EUROPEFrom 09/06/95 to 09/06/15 monthly

9 5 9 6 9 7 9 8 9 9 0 0 0 1 0 2 0 3 0 4 0 5 0 6 0 7 0 8 0 9 1 0 1 1 1 2 1 3 1 4 1 56 0

8 0

1 0 0

1 2 0

1 4 0

1 6 0

1 8 0

2 0 0

2 2 0

2 4 0

2 6 0

2 8 0

2.0%

2.7%

01/09/2000

12/07/2007

24/04/2015

Year

Level

Year

Level1.5%

2.8%24/03/2000

31/05/2007

13/04/2015

3.2%

2.8%

2000 market peak

Basic materials

Dividend yield (%)

3.8

Utilities 3.7

Industrials 3.0

2000 market peak

Basic materials

Dividend yield (%)

2.6

Oil and gas 2.4

Consumer discretionary 2.1

1 Total annual dividend payments inferred by applying the market yield to market value. All data as at close 30/06/15.European dividends converted to sterling using exchange rates as at close 30/06/15.

2 UK 'today' data as at close 14/07/15, Europe 'today' data as at close 30/06/15.

3 Data as at close 14/07/15.

4 Based on respective markets’ closing highs.