Record Global Dividend Payouts: Banking Sector Leads the Charge to $1.7 Trillion

Banking

In 2023, global dividend payouts reached a record high of $1.66 trillion, with the banking sector being the primary driver of growth ¹ ² ³ ⁴ ⁵.

Key Highlights:

  • Record Dividend Payouts: Global dividend payouts reached an all-time high of $1.66 trillion in 2023, reflecting a 5% increase year-over-year.
  • Banking Sector’s Dominance: The banking sector emerged as a significant contributor, accounting for nearly half of the world’s total dividend growth.
  • Sectoral Performance: While the banking sector thrived, challenges surfaced in the form of substantial dividend cuts from the mining sector.
  • Global Landscape: Approximately 86% of listed companies worldwide either increased or maintained dividends in 2023. A total of 22 countries witnessed record payouts, with Europe emerging as a key engine of growth.
  • Outlook for 2024: Janus Henderson anticipates total dividends to reach $1.72 trillion, indicating underlying growth of 5%. Despite challenges and sector-specific variations, the trend suggests continued strength in global dividend payouts.

FAQs:

  1. What was the total value of global dividend payouts in 2023?

The total value of global dividend payouts in 2023 was $1.66 trillion, which is a 5% increase from the previous year.

  1. Which sector contributed the most to the growth in global dividend payouts?

The banking sector contributed the most to the growth in global dividend payouts, accounting for nearly half of the world’s total dividend growth.

  1. What was the performance of the mining sector in terms of dividend payouts?

The mining sector experienced substantial dividend cuts, which offset the positive impact of the banking sector’s growth.

  1. How many countries witnessed record dividend payouts in 2023?

A total of 22 countries witnessed record dividend payouts in 2023, including the US, France, Germany, Italy, Canada, Mexico, and Indonesia.

  1. What is the outlook for global dividend payouts in 2024?

Janus Henderson anticipates total dividends to reach $1.72 trillion in 2024, indicating underlying growth of 5%. Despite challenges and sector-specific variations, the trend suggests continued strength in global dividend payouts.

Record Global Dividend Payouts: Banking Sector Leads the Charge to $1.7 Trillion

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