Feb 25, 2018 Last Updated 10:02 AM, Feb 23, 2018

New Entry From the Editor :

Australia slips to second place in mining investment attractiveness ratings

Australia slips to second plac…

AusBN - Australia has fallen to second place in the Fraser Institute’...

Wesfarmers reports 87% H1 profit plunge on business write-downs

Wesfarmers reports 87% H1 prof…

AusBN - Wesfarmers (ASX:WES) has reported an 86.6% nose-dive in its H1 net ...

Australian female labour force participation reaches record high

Australian female labour force…

AusBN - Australia’s female labour force participation rate reached a ...

$22 billion in dividends heading to shareholders

business strategyAusBNAusBN - Shareholders are set to be paid more than AUS$22 billion in dividends from March to July, a figure which underlines the growing strength of Australian corporate firms. 

The $22 billion dividends figure is up from the $19 billion paid out in the same period during last year, according to market research company CommSec.

CommSec's chief economist Craig James said: “The bottom line is that Australian companies are in good shape - they're reporting profits and determining they want to reward shareholders."

Furthermore, AMP Capital’s chief economist and head of investment strategy Shane Oliver added that increased dividends should driver consumer spending.

"The Australian share market is one share market that pays pretty good dividends, at the moment the dividend yield on shares is about 4.5% and, including the franking credit, its pushing up to 6%,” he said.

"There's very few share markets around the world that pay such high dividends and there's no doubt that does support spending in the economy, particularly in an environment where bank deposit rates are so low."

@AusBNOnline

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