Australia’s biggest companies will pay out nearly $34 billion in dividends over the next nine weeks despite a fall in corporate profits, but the forecast dividend yield over the next year remains below the long-term average.
James said the value of dividend payouts over the next nine months would be less than the $35.1 billion paid during the same period last year, with the 12-month forward dividend yields for the S&P/ASX 200 Index sitting at 3.9 per cent – lower than the long-term average of 4.7 per cent since 2005. ‘Over time, Australian companies have had to compete with property markets to grab the attention of investors.’About 81 per cent of S&P/ASX 200 companies reported an interim profit, according to analysis by CommSec, lower than the long-term average of 87 per cent, with only half of companies raising their profits.
Source: News Formal (newsformal.com)
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