The estimate from financial services company Computershare is 2.7 billion pounds higher than its April forecast and reflects improved profit prospects across the rate-sensitive industry.
Computershare's latest quarterly Dividend Monitor showed bank payouts rose 61% on an underlying basis to around 7.8 billion pounds in the second quarter.
The sector is set to raise headline payouts by over 3 billion pounds this year.
That estimate is 1 billion pounds more than what it forecast three months ago.
In the second quarter, UK dividends rose 3.5% on an underlying basis, but fell 9% to 32.8 billion pounds on a headline basis, it said.
Persons:
Computershare, Rio, Danilo Masoni, Amanda Cooper, David Evans
Organizations:
MILAN, HSBC, Bank of England, Rio Tinto, Tobacco, Thomson