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Edition 14

Download the latest Janus Henderson Global Dividend Index here. This, the first study of its kind, analyses dividend trends around the world on a quarterly basis.


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What is the Janus Henderson Global Dividend Index?

The Janus Henderson Global Dividend Index (JHGDI) is a long-term study into global dividend trends, and is the first of its kind. It is a measure of progress that global firms are making in paying their investors an income on their capital. It analyses dividends paid every quarter by the 1,200 largest firms by market capitalisation.

Global dividend growth accelerates sharply in Q1

Global dividends rose to $218.7bn in the first quarter, expanding at an underlying rate of 5.4% year-on-year, according to the Janus Henderson Global Dividend Index, a long-term study of global dividend trends. This was the fastest underlying increase since late 2015, and reflected the speedy transmission into company profits of an accelerating global economy. Dividend growth was strong across most industries, and in every region of the world, except Europe, where too few companies make payments in Q1 to discern a trend. Although underlying growth was strong, volatile special dividends were sharply lower, after reaching near record levels in Q1 2016, so on a headline basis, the global total paid in the first quarter was down 0.3% year-on-year.

Key Highlights

  • Global dividends surged ahead 5.4% on an underlying basis in Q1, paying $218.7 billion in the fastest underlying increase since late 2015

  • Dividend growth was strong across most industries, and regions of the world, except Europe

  • Sharply lower one-off special dividends impacted the headline figures, resulting in the global total falling 0.3% on a headline basis

  • World economic growth is picking up, supporting higher company profits and feeding into dividends

  • The slight weakening in the dollar means growth around the world is less heavily disguised by the exchange rate

  • Janus Henderson upgrades dividends for the full year and now expects 3.9% underlying growth and 1.5% headline growth, taking its global forecast to $1.176 trillion.

All figures as of 31.03.2017, Henderson Global Investors

Past performance is not a guide to future performance. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.

This information does not qualify as an investment recommendation.

Glossary of terms


Headline dividends - The sum total of all dividends received.

Headline Growth - Change in total gross dividends.

Special dividends - Typically, one-off payouts made by companies to shareholders that are declared to be separate from their regular dividend cycle.

Underlying dividend growth- Headline dividend growth adjusted for special dividends, change in currency, timing effects and index changes.

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