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Wells Fargo, Boeing, Walt Disney, Occidental Petroleum and Marriott accounted for half of the US dividend cuts by value in Q1
Dividends fell far less in US during COVID-19 lockdowns than in most other parts of the world. The median dividend increase among US companies was 4% in Q1
US dividends expected to show growth this year amid economic rebound
Globally, Janus Henderson forecasts a 7.3% increase in dividend payments in 2021.
One year after the anniversary of the start of global COVID-19 lockdowns, US dividend payments remained resilient, dropping just 0.4% to $127.4 billion in the first quarter of 2021. Globally, dividends were just 1.7% lower than the same period last year, a far more modest decline than in any of the preceding three quarters, all of which saw double-digit falls. Janus Henderson's index of dividends ended the quarter at 171.3, its lowest level since 2017, but growth is now likely.