Global dividends to near pre-pandemic levels in 2021 -report

MILAN : Global dividends are forecast to rise to US$1.39 trillion this year, up slightly from a previous estimate to reflect a stronger than expected recovery in the company payouts, Janus Henderson said in a report published on Monday.

But a strong recovery is currently under way, with headline growth at 26.3per cent in the second quarter, data from the investment manager's Global Dividend Index showed. Dividends from companies restarting payments totalled US$33.3 billion and accounted for three-quarters of the underlying growth in the second quarter, the report said.

Limits on bank dividends had a significant impact in 2020 as lenders accounted for half of the fall in global payouts, but constraints have since been lifting. Among U.K. banks, HSBC reinstated dividend payments flagging higher payouts in the future, after the Bank of England scrapped its remaining pandemic curbs in mid-July.At the same time, companies continued their payouts during the first year of the pandemic in the United Sates and in Canada, the Janus Henderson report said.

Source: News Formal (newsformal.com)

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