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But they did just boost their dividend 4 cents.
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"They have the unique ability to squirrel away some of the income they receive each year and when times get tough the investment company can use this saved income to boost their dividends," says Annabel Brodie-Smith of the Association of Investment Companies.
Banks are still struggling, but many London-based multinationals, from mining groups to drinks and luxury goods companies, have boosted their dividends, despite fears of a global slump.
Moreover, many companies boosted their quarterly dividend payouts to shareholders.
That surge was largely driven by a June 2008 decision by CenturyTel to boost its dividend more than 10 times to $2.80 a share, from 27 cents, and even though Markit telecom analyst Virgil Calahong expects Verizon Communications and AT&T to boost their payouts in 2010, the rate of growth will slow in the absence of a monumental increase like CenturyTel's a year ago.
Boost their self-esteem.
So, Microsoft would gain little from the deal as a company, even though institutional investors might enjoy a special dividend boosting their quarterly numbers.
Investors in both companies stand to receive a £2.5bn boost to their dividends from sterling's weakness this year, according to Capita Dividend Monitor, which expects their combined payouts to be £18.6bn.
Invensys closed 4.5p higher at 238.9p as analysts at Nomura said the company was likely to boost its dividend payout and could even consider a cash return to investors.
We are hoping that the board sees fit to boost the dividend too.
Wal-Mart announced in early March that it would boost its dividend to $1.21 per share, an 11% jump.
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