London-listed companies have paid out a record £16.6bn in dividends to investors in the final quarter of 2016, largely thanks to a fall in the value of Sterling.

Total dividends paid out in the whole of 2016 were £84.7bn, up by 6.6% on the previous year. 

Capita Asset Services, who provided the figures, put £4.8bn of the £5.2bn headline increase in dividends down to Sterling weakness, with overseas revenues boosted by a falling pound.

Investors often overlook the importance of dividends which can make up a significant part of overall returns.

When consistently reinvested, dividend payments help with long-term investment growth.