Global dividends hit a record $1.66 trillion last year, according to a report by fund manager Janus Henderson Group, which expects another all-time high in 2024.
Payouts were up 5% in 2023, according to the report. Almost half the growth came from the banking sector, which rewarded shareholders following a surge in profit from lending.
It was the third consecutive record high for dividends following a brief decline in payouts during the pandemic in 2020. Janus Henderson expects total dividends to hit a fresh record of $1.72 trillion this year, up 3.9% on a headline basis.
The data suggests corporate balance sheets are resilient, despite a global economic downturn and higher debt-servicing costs. It’s also an indication of the benefits to the banking sector of higher interest rates.
“Corporate cash flow in most sectors remained strong and this provided plenty of firepower,” said Ben Lofthouse, head of Global Equity Income at Janus Henderson.
Among companies globally, 86% either increased their dividends or left them unchanged last year, with notable increases also coming from technology, vehicle manufacturing and energy.
Human guidance still wins over AI alone according to new report.
For service-focused financial advisors who might take their well-being for granted, regular check-ins and active listening from the top can provide a powerful recharge.
With Parkworth Wealth Management and its Silicon Valley tech industry client base now onboard, Savant accelerates its vision of housing 10 to 12 specialty practices under its national RIA.
Meanwhile, $34 billion independent First Manhattan welcomed New Jersey-based Roanoke Asset Management, an RIA firm with more than 40 years of history.
Most notably, two chief compliance officers have also recently left the firm.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
