The latest edition of the Janus Henderson Global Dividend Index, our quarterly long-term study into global dividend trends, shows that companies around the world continue to recover from the pandemic. Investment Director Jane Shoemake discusses the factors that enabled companies to deliver record Q3 payouts and led us to upgrade our 2021 dividend forecast.

Key Takeaways

  • Rising profits and strong balance sheets enabled companies around the world to lift their dividends in the third quarter of 2021 to reach US$403.5 billion – an all-time high for Q3 payouts.
  • Booming mining dividends drove two-thirds of the year-on-year increase, with restored bank dividends also making a significant contribution to Q3 growth.
  • The exceptional strength of Q3 and a positive outlook for Q4 led us to upgrade our 2021 forecast. We now expect dividends to surpass the pre-pandemic peak by the end of December 2021, recovering from their March 2021 low in just nine months.

All currencies shown are in USD unless otherwise stated. References made to individual securities should not constitute or form part of any offer or solicitation to issue, sell, subscribe or purchase the security.

Unless otherwise stated all data is sourced by Janus Henderson Investors as of 30 September 2021.