Almost all major US companies that pay dividends increased or remained stable in the third quarter. Cash dividends paid increased by 4.5%, exceeding the overall global trend level.

British fund manager Janus Henderson said in his latest quarterly report on the market capitalization of 1,200 of the world's largest listed companies that 98% of the US companies surveyed did not cut dividends, compared to 89% globally.

After the Federal Reserve sought to curb inflation by raising interest rates, US dividend growth slowed for the eighth consecutive quarter due to concerns about the economic outlook. However, Janus Henderson said that US companies paid $146.6 billion in dividends in the third quarter alone, and are still likely to set a record dividend amount in 2023.

Of these, only$Microsoft (MSFT.US)$with$Oracle (ORCL.US)$It contributed 20% of the US $3 billion dividend increase in the third quarter, while$Southwest Airlines (LUV.US)$,$Las Vegas Sands (LVS.US)$with$Delta Air Lines (DAL.US)$The resumption of dividend payments after the interruption caused by the pandemic contributed to an increase of about 15%.

However, as many energy resources companies cut dividends, total global dividends fell 0.9% to US$421.9 billion in the third quarter. The survey showed that the mining sector was cut four times that of other industries, and dividends fell by 36.9%. More than half of mining companies cut their dividends year over year. But the sector's cuts were offset by strong bank dividends in most parts of the world (a basic increase of 9.3%) and increased dividends from other industries (particularly utilities and automakers).

Ben Lofthouse (Ben Lofthouse), head of global stock earnings at Janus Henderson (Janus Henderson), said:

“The apparent weakening of global dividends in the third quarter is not a cause for concern, given the huge impact of a few companies... In fact, the level and quality of growth this year looks better than a few months ago, as dividends are less reliant on one-off special dividends and volatile exchange rates.”

He also added that the commodity sector's dividends rise and fall with the cycle, which is quite common and well known to investors, so this weakness does not mean a broader slump.

In addition, the basic dividend payout of Chinese companies increased by 7.8%, reaching a record $38.2 billion. What is most notable$PETROCHINA (00857.HK)$Dividends more than doubled year on year to 6.5 billion US dollars, making it the second largest dividend payer in the world in the third quarter. China has the most$China Construction Bank Corporation (601939.SH)$,$CHINA MOBILE (00941.HK)$Then it ranked third.

Editor/Somer