Capita has revealed that its headline dividends have more than halved in the first quarter of 2015, down 52 per cent from £30.9 billion to £14.78 billion.

In 2014, the figures for Capita’s first quarter were greatly enhanced by a £15.9 billion dividend from Vodafone, which accounts for the discrepancy. Capita are also anticipating a £630 million dividend from Barclays, the payment of which is expected sometime in the second quarter.

In fact, once these special dividends are removed, Capita’s quarterly growth rates are up 10.4 per cent year-on-year, hence why the company is unconcerned with its poor headline figures for 2015.

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