Record Dividend Payments in Q1 2024
Companies paid a record amount in dividends to shareholders in the first quarter of 2024, with an increase of 2.4% from the same period in 2023. Alibaba and Meta made their first-ever dividend payments, contributing to half of the growth.
Key Points
- Janus Henderson tracks dividend payments by 1,200 publicly traded companies
- Banking sector drove growth with a 12% gain
- Alibaba and Meta's first-ever dividend payments contributed significantly to growth
Pros
- Record amount of dividends paid to shareholders
- Steady progress across different sectors
- Positive outlook for dividend growth in 2024
Cons
- Transport sector experienced a large drop due to dividend cuts
- Profit plunge for Danish shipping company Maersk affected dividends