The latest edition of the Janus Henderson Global Dividend Index shows that global dividends made a strong recovery in 2021, more than making up for the cuts that occurred during the worst of the pandemic in 2020. Client Portfolio Manager Jane Shoemake discusses the rebound and explains why we have upgraded our forecast for 2022.

Key Takeaways

  • Global dividends shrugged off 2020’s COVID-19 cuts and reached a new record in 2021, surging to $1.47 trillion.
  • The rebound was largely driven by the mining sector and restored dividends, especially from banks, and led by the UK and Australia. Nine-tenths of companies raised or held dividends, indicating broad-based growth.
  • The exceptional strength of Q4 payout figures, along with improved prospects for 2022, have led us to upgrade our forecast for the full year. In 2022, we expect global dividends to reach a new record of $1.52 trillion.