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Banks, Miners to Lead Dividend Spree for Australian Stocks

  • Dividends on the S&P/ASX 200 expected to jump by about a third
  • Miners, banks forecast to raise payouts, others may be wary
Construction of Residential Apartment Buildings In Sydney
Photographer: Brendon Thorne/Bloomberg
Updated on

Dividend payouts from Australia’s biggest companies are expected to bounce back to pre-pandemic amounts in 2021, even as the nation grapples with a recent coronavirus resurgence.

Payments from firms on the S&P/ASX 200 Index may surge by about a third this year, returning close to 2019 levels, according to data compiled by Bloomberg. A rally in commodity prices and economic growth have helped Australia’s blue-chip firms accelerate payouts, even as some companies may be cautious on dividends amid delta-strain outbreaks.