Global dividends surged to an unprecedented $1.75 trillion in 2024, marking a 6.6% increase on an underlying basis, according to the Janus Henderson Global Dividend Index. This growth was tempered by a 5.2% headline increase, influenced by fewer special dividends and a stronger US dollar.
Seventeen countries, including the United States, Canada, Japan, France, and China, reported record dividend payouts. Notably, new dividend initiations from tech giants such as Meta, Alphabet, and Alibaba contributed $15.1 billion, accounting for approximately 20% of the global growth. Microsoft maintained its position as the top global dividend payer, with ExxonMobil following.
The financial sector played a significant role, with banks’ dividends rising 12.5% on an underlying basis, contributing nearly half of the total growth. Conversely, sectors like mining and transport experienced declines, collectively paying out $26 billion less year-on-year.
Looking ahead, Janus Henderson forecasts a 5% increase in global dividends for 2025, projecting total payouts to reach $1.83 trillion. However, potential trade tensions and elevated borrowing costs could influence this growth trajectory.
