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.



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