NEWS Desk Global
BANK DIVIDENDS CATAPULT Q2 GLOBAL PAYOUTS TO RECORD HIGHS
Banks continued to propel global dividends to record highs in the second quarter of 2024 as higher interest rates boosted profits, allowing them to pay out bigger returns to shareholders compared with the previous year. Payouts jumped to a record $606.1 billion in the second quarter from $568.1 billion a year earlier.
Banks have been the largest contributors to dividends globally for at least four of the last six quarters. Financial companies have contributed to at least 25% of global payouts paid in the last three years.
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