Record Dividends No Match for Recession Woes Gripping Market
- Big payers lag as rotation hurts commodity stocks, financials
- Stoxx 600 dividends seen topping €400 billion this year
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Even record dividends aren’t tempting investors enough to bet on stocks they see as more vulnerable in a recession.
Big payers in the energy, mining and financial sectors have trailed the market this year as investors rotated away from cyclicals into defensive and growth sectors. That’s made dividend yield among the worst-performing investing factors in Europe and the US, according to data compiled by Bloomberg.