The top 10 companies contributed 10% of all global dividends, roughly the same proportion since 2013.
Companies around the world handed out a collective $513.8 billion in the second quarter of 2019, marking a new record, according to Janus Henderson’s Global Dividend Index.
While a slowing global economy was a drag on the overall growth of dividend payments, underlying growth still came in at a 4.6%. At the same time, several countries and regions still managed to produce record payments.
But, who are the world’s biggest dividend-paying businesses?
The top 10 companies contributed 10% of all global dividends, roughly in line with each second quarter since 2013. In total, the top 10 payers handed out $49.1 billion, the highest gross figure on record.
The companies on the list of top payers, however, was slightly less in keeping with historical norms.
Historically, Nestlé has been the highest payer in the second quarter. In 2019, however, dual-listed miner Rio Tinto was able to clinch the first spot as a result of a large special dividend paid for by the disposal proceeds of some of its copper and coal assets.
This was the first time that Rio Tinto had been among the top 10 payers for the second quarter. As a result, Nestlé came in at number two.
Another new entrant for the first time was Russia’s Sberbank. The company has been a reasonably reliable dividend payer over the 10 years. However, as we recently noted, the past five years has seen much greater dividend focus from the bank’s management team. The second quarter saw it considerably increase its payments, propelling it to the third place among the top 10 payers.
For the most part, however, familiar European companies continued to dominate the top 10. European companies historically pay out most of their dividends in the second quarter of each year.
For example, Sanofi, the French multinational pharmaceutical company, kept its position in fourth place, as it has done for every second quarter since 2017. Allianz came in at fifth place, one place higher than it has been in the past two years.
Daimler and BNP Paribas also maintained positions in the top 10, as they both have done since 2016.
Funds holding top 10% dividend payers
There is absolutely no point in showing this information unless you also show us which funds or investment trusts hold these companies. Most of us cannot buy shares in these companies directly, so we *need* to know what funds hold them.
This information used to be available on the Interactive Investor website before it was bought by the current owners. Now all this valuable info has simply vanished and the II website is just useless. The forum seems to have just died a death, just like the ability to post comments on Investors Chronicle and The Share Centre.