Jun 23, 2017 Last Updated 8:49 AM, Jun 22, 2017

New Entry From the Editor :

WA government bans future uranium mine leases, excludes four existing projects

WA government bans future uran…

AusBN - The Western Australian government has imposed a ban on future urani...

CIMIC group awarded $2.8b Sydney Harbour tunnel contract

CIMIC group awarded $2.8b Sydn…

AusBN- International construction giant CIMIC Group will soon begin work on...

Rio Tinto recommences exploration in Mongolia looking for next Oyu Tolgoi

Rio Tinto recommences explorat…

AusBN - Rio Tinto (ASX/LSX:RIO) has begun a new exploration programme in Mo...

$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

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner