Will record-breaking dividend payouts continue?

Canadian dividends jumped 11.2% to a record breaking US$ 10.2 billion in the third quarter of 2018, according to a Janus Henderson report

Ruth Saldanha 21 November, 2018 | 5:00PM

Global dividends rose 5.1% to US$ 354.2 billion, breaking third-quarter records in the US, Canada, Taiwan, and India, according to a new report from Janus Henderson, whose Global Dividend Index also hit a new record of 184.4.

For Canada in particular, the third quarter was record-breaking, as dividends jumped 11.2% to US$ 10.2 billion on an underlying basis. Headline growth of 5.4% was held back by the weakening Canadian dollar.

Energy dividends rose fastest on the back of higher prices for crude oil, but banks and telecoms also did well. More than 90% of Canadian companies increased their dividends year on year, the report said.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

 

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