EDITION 30, MAY 2021
Janus Henderson
Global Dividend Index

The first-of-its-kind, this is a quarterly, long-term study into global dividend trends, it analyses dividends paid by the 1,200 largest firms by market capitalisation. It is a measure of progress that global firms are making in paying their investors an income on their capital.

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CLEAR SIGNS OF IMPROVEMENT IN Q1 – DIVIDEND PAYOUTS FELL AT THEIR SLOWEST PACE IN A YEAR, DOWN 2.9% YEAR-ON-YEAR ON A HEADLINE BASIS TO US$275.8BN, A FALL OF JUST 1.7% IN UNDERLYING TERMS

ONLY ONE COMPANY IN FIVE (18%) CUT ITS DIVIDEND IN THE PAST THREE MONTHS, FAR FEWER THAN THE 34% THAT HAVE CUT OVER THE LAST YEAR

JANUS HENDERSON UPGRADES ITS 2021 FORECAST FOR DIVIDEND PAYOUTS TO US$1.36T, A HEADLINE INCREASE OF 8.4% YEAR-ON-YEAR AND EQUIVALENT TO AN UNDERLYING REBOUND OF 7.3%

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Key findings

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

Glossary of terms

Volatility The rate and extent at which the price of a portfolio, security or index, moves up and down. If the price swings up and down with large movements, it has high volatility. If the price moves more slowly and to a lesser extent, it has lower volatility. It is used as a measure of the riskiness of an investment.
Headline dividends The sum total of all dividends received.
Headline growth Change in total gross dividends.
Special dividends Typically, one-off payouts made by companies to shareholders that are declared to be separate from their regular dividend cycle.
Underlying dividend growth Headline dividend growth adjusted for special dividends, change in currency, timing effects and index changes.

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Janus Henderson Global Dividend Index, Edition 30