Dividends paid by Australian companies fell 6.6 per cent on an underlying basis in the first quarter of 2018, largely down to cuts by Telstra and QBE.
Australian dividends were down 1.2 per cent on a headline basis to $7.7 billion in the first quarter of 2018, according to Janus Henderson's Global Dividend Index.
The drop was more stark in underlying terms (down 6.6 per cent) owing mainly to Telstra's announcement in February it would cut its interim dividend to 11 cents (down from 15.5 cents the previous year).
QBE also cut its dividend by 90 per cent following a warning in January 2018 that it had made a loss.
Excluding the impact of QBE and Telstra, Australian dividends rose year-on-year in line with global markets boosted by BHP Billiton.
The Janus Henderson index found that global dividends were 10.2 per cent higher on a headline basis to $244.7 billion in the first quarter.
Growing corporate profits in the North America saw record dividends in the US and Canada, said Janus Henderson.
BetaShares has established what it calls the first UK-focused ETF on the ASX, tracking Britain’s sharemarket benchmark, the FTSE 100. ...
The regulatory landscape has fundamentally changed since the Hayne royal commission and entities must engage with regulators in new ways in ...
Perpetual Investment has recorded net outflows of $1.1 billion for the fourth quarter of 2019, while its funds under management fell by $300...