The Strategist

Companies pay record $544.8B in dividends in Q2

08/26/2022 - 03:42

According to the Janus Henderson Global Dividend Index, companies across the globe paid out $544.8 billion in dividends in the second quarter of this year.

This figure represents a record-breaking quarterly performance for the entire history of the index.

Global payouts increased 11.3% over the previous quarter, while the larges payers were banks and financial institutions. This quarter, their payments totaled approximately $140 billion, an increase of 15.7% from the corresponding period last year.

Oil, gas, and energy firms showed the highest rate of quarterly dividend growth. They distributed almost $45 billion to shareholders, an increase of 88% over the first quarter's indication.

This can be attributed to a sharp rise in oil prices, which enabled oil companies to boost the amount of free cash that they are prepared to distribute to shareholders.

The greatest payouts among the areas were in Europe and North America, at $165.8 billion and $158.1 billion, respectively.