Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Donald Trump proclaimed the economy healthy in a pair of tweets Wednesday, saying the only thing holding U.S. growth back was the Federal Reserve.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
"As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said.Retailread more
"Under the guidance of the new CEO, Lowe's is getting its act together," says Oppenheimer's Brian Nagel. "If we're right here and this continues, this stock has a long way to...Retailread more
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.Marketsread more
Hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.Marketsread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new research Monday.
The Janus Henderson Global Dividend Index said that U.S. dividends totaled a record $122.5 billion during the period, up 8.3%. Underlying U.S. growth, where it is adjusted for special dividends and changes in currency, saw a climb of 9.6%. Almost 90% of American companies featured in the index raised dividends, the highest increases coming from the banking sector.
Janus Henderson expects a record $1.43 trillion in dividend payments this year, up 4.2% in headline terms, led by North America, where growth is the fastest worldwide on an underlying basis.
A dividend is a portion of a company's earnings that are paid out as a reward to shareholders. Janus Henderson analyzes dividends paid by the 1,200 largest firms by market capitalization and the research began in 2009.
Europe has seen relatively few dividends paid out in the first quarter, with headline growth of 9.2% boosted by special dividends while underlying growth of 5.3% was in line with the 2018 performance. The U.K. lagged the global average with 4.4% underlying growth.
The Asia-Pacific region has demonstrated the strongest dividend growth since 2009, and the year-on-year headline growth of 14.7% broke the record for first-quarter payouts.
Head of Global Equity Income Ben Lofthouse commented in the research that this "reflects a continuation of the robust growth witnessed in 2018, rather than necessarily setting the tone for another above trend year in 2019."
"Market expectations for corporate earnings have moderated in recent months as global economic momentum has slowed and forecasts may yet come down a bit further," he added.
"Dividends are a lagging indicator of company health, so a reduction in their rate of increase is a normal consequence of slower earnings growth. Nevertheless, we do not yet feel the need to make changes to our dividend forecast for 2019."
Investors can look forward to dividend growth of around 4% to 5% in 2019 and another record year for dividend payments, the report suggested.
The report specifically cited Japan as having exceeded the global average for the past five years as Japanese companies adapt to dividend culture.
Lofthouse told CNBC's "Squawk Box Europe" Monday that "consistent dividend growth and the indulgence of external shareholders" could be indicating "real change in corporate culture" for Japan.
Emerging markets showed weaker growth of 2.2%, which the report attributed to these economies being the first to feel the effects of tighter U.S. monetary policy and global trade fears.
Pharmaceutical stocks offered the largest payouts, contributing $1 for every $8 distributed globally, with the sector delivering an all-time record if $30.1 billion despite its underlying growth rate lagging the global average.