Firms worldwide doled out a document $326.7 billion in dividends to shareholders within the first quarter, pushed up by banks, oil giants and automakers, a research confirmed Wednesday.
World dividends surged 12% between January and March in comparison with the identical interval in 2022, which was already an all-time excessive, in keeping with the report by asset administration agency Janus Henderson.
The primary quarter’s “robust dividend progress is much more spectacular contemplating that 2022 was a troublesome 12 months for the worldwide financial system with excessive inflation, rising rates of interest, battle and persevering with COVID-19 lockdowns,” stated Ben Lofthouse, head of world fairness earnings at Janus Henderson.
One-off particular dividends reached $28.8 billion over the three-month interval, the second largest quantity because the first quarter in 2014, the report confirmed.
US automaker Ford and German rival Volkswagen accounted for nearly a 3rd of particular dividends.
“Headline payouts from the autos sector have been 10 instances bigger year-on-year as a consequence,” the Janus Henderson report stated.
Volkswagen used the proceeds from the inventory itemizing of Porsche to pay out a complete of $6.3 billion.
Globally, 95% of firms elevated dividends or held them regular within the first quarter.
Firms are forecast to shell out $1.6 trillion in dividends in 2023 as a complete, in keeping with Janus Henderson.