China leads global dividend growth in Q3 2024

In Q3 2024, global dividend distributions rose by 5.1% year-on-year to $583bn, with 12-month payouts expanding 7.5% to $2.1trn. China and North America each contributed $15bn to this growth, countering reductions from other regions. Chinese state-owned enterprises in the financial and energy sectors, including China Construction Bank and Sinopec, were significant contributors. Alibaba's special dividend also bolstered the consumer discretionary sector. Despite challenges in emerging markets, particularly in technology and industrials, the overall outlook for global dividends remains positive,...