Singapore dividend payout slides 11.6% to US$3.8b in Q2
The biggest contributing factor to the fall was special dividends, Janus Henderson Global Dividend Index shows
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife directors offer differing views on future oversight if board is rejigged
Tesla lays off more staff in software, service teams, Electrek reports
Robinhood Crypto gets Wells notice from US SEC
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment