New Global Record For Profits Paid Out To Shareholders

According to a recent report by British asset manager Janus Henderson, global dividend payments to shareholders surged to a historic high of $1.66 trillion in 2023.

Published on Wednesday, the Global Dividend Index report highlighted a 5% year-on-year increase in payouts on an underlying basis, with the fourth quarter witnessing a notable 7.2% uptick compared to the preceding three months.

The underlying figure, which accounts for currency fluctuations, special dividends, and technical factors tied to dividend schedules, alongside index adjustments, provides a clearer picture of the dividend landscape.

The banking sector emerged as a significant contributor to this growth, with nearly half of the world’s total dividend expansion attributed to it.

Record-breaking payouts were fueled by high interest rates that bolstered lenders’ margins, as indicated in the report, CNBC reported.

READ MORE: https://www.cnbc.com/2024/03/12/shareholder-payouts-hit-a-record-1point7-trillion-last-year-as-bank-profits-surged.html

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