ASX 200 dividend count heads to record $72 billion on resources comeback

Written on the 26 February 2017

ASX 200 dividend count heads to record $72 billion on resources comeback Australian company dividends are on track to soar to a record $72.3 billion in 2016-17 following a spectacular change of fortunes in the resources sector elevated a slightly improved profit season for industrials stocks and banks.

Shareholders have pocketed almost all of the spoils of the estimated 18 per cent increase in earnings across the board this year, with companies no more inclined to invest for growth starving the economy of new factories, mines and projects.

A more than $4 billion rebound in dividends paid by the big miners boosts the contribution from resources stocks to an estimated $9.8 billion this fiscal year, according to Credit Suisse. A further $25.3 billion from industrials and $37.2 billion from financials breaks the high watermark for dividends set in 2014-15. That will be smashed again in 2017-18 when dividends are poised to reach $74.2 billion.

Read more...

Source: afr.com

Follow us: @FinancialReview on Twitter | financialreview on Facebook


Upcoming Events

SOLD OUT - Allure South Sea Pearls BAH

Start Time: 5:00pm
Date: Thursday 24th May 2018

Latest news

Projects, Jobs in pipeline

Sheffield Resources' Thunderbird mineral sands project would be at a site on the Dampier Peninsula, between Derby and Broome Several multimillion-dollar projects lining up in the Kimberley are set to generate hundreds of new jobs and bolster flat economies in Broome and Derby. The pipeline of prosperity is almost ready to flo...

Read More ...

Articles via RSS rss

Sign Up for the latest news & events

 

Support your local youth at the 2018 West Kimberley Careers Week & Expo 7-11 May 2018

Members

We are located at:

6 Napier Tce
(behind the Westpac bank)
Broome
WA 6725

Chamber office hours

Monday: 10am - 3pm
Tuesday: 10am - 2pm
Wednesday: 10am - 3pm
Thursday: 10am - 2pm
Friday: 10am - 2pm

Please ring for an appointment

Phone

(08) 9193 5553

After Hours

0410 967 509