Singapore dividend payout slides 11.6% to US$3.8b in Q2

Singapore

DECELERATION in the world economy is beginning to take its toll on dividend payouts around the world, according to the latest Janus Henderson Global Dividend Index.

In Singapore, US$3.8 billion worth of dividends were paid out in the second quarter of 2019, US$500 million lower than the US$4.3 billion payout in the corresponding period last year. While this represented an 11.6 per cent drop, the underlying dividend growth - which adjusts for special dividends, change in currency, timing effects and index changes - saw an increase of 17.7 per cent. The biggest contributing factor to the headline decrease in total dividends was special dividends.