Global companies set to deliver record dividends this year

Global corporate dividends are set to reach a record high this year, as a rebound in business activity and a rise in consumer demand boosted profits for most sectors which were hit by the pandemic last year.

"The robust growth in dividend payouts by global companies reflects the sharp snapback in earnings post the pandemic-driven weakness. Dividend payouts are normalizing alongside economic stability and corporate confidence," said Geoffry Dailey,"Capital markets are accessible and corporate balance sheets are healthy further bolstering the ability of firms to increase dividends."

The financial sector is also expected to deliver higher dividends, as global central banks such as the Federal Reserve and the European Central Bank relaxed their restrictions on dividends and buybacks they imposed last year. According to the data, MSCI World index's forward dividend yield stood at 1.72, lower than a 10-year average of 2.45.

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