S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase of $15.3 Billion in Q1 2025 as Dividend Growth Continues to Slow
S&P Dow Jones Indices reports Q1 2025 U.S. common dividend net changes increased by $15.3 billion, up from Q4 2024's $11.7 billion but down from Q1 2024's $16.0 billion. Dividend increases were $19.5 billion while decreases totaled $4.2 billion.
For the 12-months ending March 2025, the net dividend rate increased to $52.7 billion, compared to $42.8 billion in the previous period. The S&P 500 Q1 2025 dividend payments decreased 2.2% to $19.37 per share from Q4 2024, but rose 7.3% year-over-year.
Looking ahead, 2025 S&P 500 dividend payments are expected to post a 6-7% increase, down from the previous 8% expectation, as companies adopt a cautious stance amid economic uncertainties.
S&P Dow Jones Indices riporta che le variazioni nette dei dividendi comuni negli Stati Uniti per il primo trimestre del 2025 sono aumentate di $15,3 miliardi, rispetto ai $11,7 miliardi del quarto trimestre del 2024, ma in calo rispetto ai $16,0 miliardi del primo trimestre del 2024. Gli aumenti dei dividendi sono stati di $19,5 miliardi, mentre le diminuzioni hanno totalizzato $4,2 miliardi.
Per i 12 mesi terminanti a marzo 2025, il tasso netto dei dividendi è aumentato a $52,7 miliardi, rispetto ai $42,8 miliardi del periodo precedente. I pagamenti dei dividendi dell'S&P 500 per il primo trimestre del 2025 sono diminuiti del 2,2%, scendendo a $19,37 per azione rispetto al quarto trimestre del 2024, ma sono aumentati del 7,3% su base annua.
Guardando al futuro, si prevede che i pagamenti dei dividendi dell'S&P 500 per il 2025 registreranno un aumento del 6-7%, in calo rispetto alla precedente aspettativa dell'8%, poiché le aziende adottano un atteggiamento cauto in mezzo alle incertezze economiche.
S&P Dow Jones Indices informa que los cambios netos en los dividendos comunes de EE. UU. para el primer trimestre de 2025 aumentaron en $15.3 mil millones, frente a los $11.7 mil millones del cuarto trimestre de 2024, pero en comparación con los $16.0 mil millones del primer trimestre de 2024, se observa una disminución. Los aumentos de dividendos fueron de $19.5 mil millones, mientras que las disminuciones totalizaron $4.2 mil millones.
Para los 12 meses que terminan en marzo de 2025, la tasa neta de dividendos aumentó a $52.7 mil millones, en comparación con los $42.8 mil millones del período anterior. Los pagos de dividendos del S&P 500 para el primer trimestre de 2025 disminuyeron un 2.2% a $19.37 por acción en comparación con el cuarto trimestre de 2024, pero aumentaron un 7.3% interanual.
De cara al futuro, se espera que los pagos de dividendos del S&P 500 para 2025 registren un aumento del 6-7%, en comparación con la expectativa anterior del 8%, ya que las empresas adoptan una postura cautelosa en medio de las incertidumbres económicas.
S&P 다우 존스 인덱스는 2025년 1분기 미국의 일반 배당금 순 변화가 $153억 증가했다고 보고했습니다. 이는 2024년 4분기의 $117억에서 증가했지만 2024년 1분기의 $160억에서 감소한 수치입니다. 배당금 증가는 $195억이었고, 감소는 $42억에 달했습니다.
2025년 3월까지의 12개월 동안 순 배당금은 $527억으로 증가했으며, 이는 이전 기간의 $428억과 비교됩니다. 2025년 1분기 S&P 500 배당금 지급은 2024년 4분기 대비 2.2% 감소하여 주당 $19.37로 줄어들었지만, 전년 대비 7.3% 증가했습니다.
앞으로 2025년 S&P 500 배당금 지급은 6-7% 증가할 것으로 예상되며, 이는 이전의 8% 예상보다 감소한 수치입니다. 기업들이 경제적 불확실성 속에서 신중한 태도를 취하고 있기 때문입니다.
S&P Dow Jones Indices rapporte que les variations nettes des dividendes communs aux États-Unis pour le premier trimestre 2025 ont augmenté de 15,3 milliards de dollars, par rapport aux 11,7 milliards de dollars du quatrième trimestre 2024, mais en baisse par rapport aux 16,0 milliards de dollars du premier trimestre 2024. Les augmentations de dividendes ont été de 19,5 milliards de dollars, tandis que les diminutions ont totalisé 4,2 milliards de dollars.
Pour les 12 mois se terminant en mars 2025, le taux net des dividendes a augmenté à 52,7 milliards de dollars, contre 42,8 milliards de dollars pour la période précédente. Les paiements de dividendes du S&P 500 pour le premier trimestre 2025 ont diminué de 2,2 % pour atteindre 19,37 dollars par action par rapport au quatrième trimestre 2024, mais ont augmenté de 7,3 % d'une année sur l'autre.
En regardant vers l'avenir, les paiements de dividendes du S&P 500 pour 2025 devraient afficher une augmentation de 6-7 %, en baisse par rapport à l'attente précédente de 8 %, alors que les entreprises adoptent une attitude prudente face aux incertitudes économiques.
S&P Dow Jones Indices berichtet, dass die Nettowechsel der US-Gemeinschaftsdividenden im ersten Quartal 2025 um 15,3 Milliarden US-Dollar gestiegen sind, verglichen mit 11,7 Milliarden US-Dollar im vierten Quartal 2024, aber im Vergleich zu 16,0 Milliarden US-Dollar im ersten Quartal 2024 gesunken sind. Die Dividendenerhöhungen betrugen 19,5 Milliarden US-Dollar, während die Rückgänge insgesamt 4,2 Milliarden US-Dollar ausmachten.
Für die 12 Monate bis März 2025 stieg die Nettodividende auf 52,7 Milliarden US-Dollar, verglichen mit 42,8 Milliarden US-Dollar im vorherigen Zeitraum. Die Dividendenzahlungen des S&P 500 im ersten Quartal 2025 sanken um 2,2 % auf 19,37 US-Dollar pro Aktie im Vergleich zum vierten Quartal 2024, stiegen jedoch im Jahresvergleich um 7,3 %.
Für die Zukunft wird erwartet, dass die Dividendenzahlungen des S&P 500 im Jahr 2025 um 6-7 % steigen, was einen Rückgang gegenüber der vorherigen Erwartung von 8 % darstellt, da die Unternehmen angesichts wirtschaftlicher Unsicherheiten eine vorsichtige Haltung einnehmen.
- Net dividend increases of $15.3 billion in Q1 2025, up 30.8% from Q4 2024
- 12-month net dividend rate increased to $52.7 billion, up 23.1% year-over-year
- S&P 500 dividend payments up 7.3% year-over-year
- Expected 6-7% dividend payment increase for 2025
- 37% decrease in dividend decreases over 12-month period
- Q1 2025 dividend increases down 14.1% year-over-year from $22.7 billion
- Q1 2025 dividend decreases up 68% from Q4 2024
- Q1 2025 S&P 500 dividend payments decreased 2.2% quarter-over-quarter
- 2025 dividend growth expectations reduced from 8% to 6-7%
- Companies showing cautious approach to dividend commitments due to economic uncertainties
- Q1 2025 U.S. common dividend increases were
$19.5 billion 37.0% from$14.2 billion 14.1% from$22.7 billion - Q1 2025 U.S. common dividend decreases were
$4.2 billion 68.0% from$2.5 billion 37.7% from$6.7 billion - Q1 2025 net indicated dividend rate change increased
$15.3 billion - For the 12-months ending March 2025,
U.S. common dividend increases were$68.2 billion 0.2% from the 12-month March 2024 period's$68.1 billion 38.3% to$15.6 billion $25.2 billion - The net 12-month March 2025 indicated dividend increase was
$52.7 billion $42.8 billion
For the 12-months ending March 2025, the net dividend rate increased
"Dividend growth typically is strongest in Q1, as most companies finish their fiscal year and prepare for their shareholder meeting. For Q1 2025, growth, while noticeably slower, did continue and was in line with expectations given the current economic uncertainties. This uncertainty however did not appear to stop increases, though it did limit them, as forward commitment levels appeared shy," said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices.
Silverblatt continued: "Given the current level of uncertainty over global government policy and individuals concern over employment and inflation, companies may continue to evaluate the developing changes, which could translate into fewer forward commitments (i.e. production, capital expenditures, employment or dividends)."
Silverblatt concluded: "With the speed of the actions and potential negotiations and adjustments ahead, Q2 2025 dividend increases may be limited as companies take a wait-and-see approach. However, working with a base case for a higher-level resolution by mid-year, the second half of 2025 might be stronger than historical averages for dividends. For 2025, the S&P 500 is expected to post a record payment, posting a 6
S&P 500® Dividends
On a per share basis, S&P 500 Q1 2025 dividend payments decreased
Additional findings from S&P Dow Jones Indices' quarterly analysis of
Dividend Increases (defined as either an increase or initiation in dividend payments):
- 758 dividend increases were reported during Q1 2025 compared to 796 during Q1 2024, a
4.8% year-over-year decrease. - Total dividend increases were
$19.5 billion $22.7 billion - For the 12-months ending in March 2025, 2,412 issues increased their payments, a tick higher than the 2,411 issues for the 12-months ending in March 2024.
- Total dividend increases for the 12-month period were
$68.2 billion $68.1 billion
Dividend Decreases (defined as either a decrease or suspension in dividend payments):
- 57 issues decreased dividends in Q1 2025, an
11.8% year-over-year decrease compared to 51 issues in Q1 2024. - Dividend decreases were
$4.2 billion $6.7 billion - For the 12-months ending in March 2025, 138 issues decreased their dividend payments, a
37.0% decrease compared to the 219 decreases within the prior 12-month period. - Dividend decreases were
$15.6 billion 38.3% decrease from the prior 12-month period's$25.2 billion
Non-S&P 500 Domestic Common Issues (for issues yielding
- The percentage of non-S&P 500 domestic dividend-paying common issues increased to
20.3% from Q4 2024's20.1% and were down from Q1 2024's20.5% . - The weighted indicated dividend yield for paying issues was
2.78% in Q1 2025, down from2.83% in Q4 2024 and down from2.86% in Q1 2024. The average indicated yield increased to3.32% in Q1 2025 compared to Q4 2024's3.19% and was down from3.28% in Q1 2024.
Large-, Mid-, and Small-Cap Dividends:
- 407 issues or
80.9% within the S&P 500 currently pay a dividend, the same as in Q4 2024 and up from the 404 which paid in Q1 2024; 28 of the 30 constituents within the Dow Jones Industrial Average® pay a dividend with an average yield of1.93% for all issues and2.07% for the paying issues. 66.3% of S&P MidCap 400® issues pay a dividend, up from66.1% in Q4 2024 and up from65.6% in Q1 2024.57.8% of S&P SmallCap 600® issues pay a dividend, up from57.6% in Q4 2024 and down from59.7% in Q1 2024.- Yields were higher for Q1 2025 as prices declined, large-cap yields increased to
1.37% (1.28% for Q4 2024 and1.38% for Q1 2024), mid-caps increased to1.59% (1.46% for Q4 2024 and1.48% for Q1 2024), and small-caps increased to1.79% (1.62% for Q4 2024 and1.77% for Q1 2024). - The yields across dividend-paying market-size classifications varied with large-caps increasing to
1.64% for Q1 2025 (1.56% in Q4 2024 and1.72% in Q1 2024), mid-caps increasing to2.37% (2.22% in Q4 2024 and2.18% in Q1 2024), and small-caps increasing to3.04% (2.81% in Q4 2024 and2.90% in Q1 2024).
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S&P DJI MEDIA CONTACTS:
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SOURCE S&P Dow Jones Indices
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