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Rapid growth in global dividends disguised by the soaring US dollar

Global dividends reached $1.15 trillion in 2015, according to the latest Henderson Global Dividend Index (HGDI), a long-term study of global dividend trends. Underlying dividend growth, which strips out exchange rate movements and other lesser factors, increased by 9.9%.


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The $1.15 trillion total represented a decline of 2.2% in headline terms, as the strength of the US dollar masked rapid growth from most regions of the world.

Key Highlights

Dollar strength deducted a record $104bn from the annual total Dividend income was an important component of total shareholder return last year as it almost entirely compensated investors for the $1.3 trillion decline in share values The US was the engine of global income growth, as it pays the highest proportion of dividends As forecast, China saw its first annual decline in dividends Significant cuts in commodity dividends, particularly those based in the UK will hold growth back in 2016. Henderson has trimmed its forecast for 2016 by $10bn to $1.17 trillion, which represents headline growth of 1.6% and underlying growth of 3.3%

All figures as at 31.12.2015, Henderson Global Investors

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For professionals only. 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.

Issued by Henderson Global Investors. Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), Henderson Fund Management Limited (reg. no. 2607112), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), AlphaGen Capital Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646), Gartmore Investment Limited (reg. no. 1508030), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Conduct Authority to provide investment products and services.