A global investment house has suggested dividends on the ASX are about to explode.
The latest Janus Henderson Global Dividend Index predicted dividends in Australia would grow 40% this year.
This would come on the back of an excellent first quarter and industries benefiting from the post-COVID recovery.
“As the economic recovery continues, we’re anticipating further dividend increases, with payouts reaching 85% of their 2019 levels,” said Janus Henderson head of Australia Matt Gaden.
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