U.S. dividend growth continued its "steady deceleration" during the April through June period to mark a sixth consecutive quarter of slower dividend increases, according to a study by the Janus Henderson Global Dividend Index.
Although the latest data might sound somewhat alarming, note that difficult comparisons against prior-year periods of unusually robust growth are partly to blame for the deceleration in dividend increases. While many of their global counterparts were enacting steep dividend cuts during the pandemic, U.S. companies managed to grow their payouts with "exceptional resilience," writes Ben Lofthouse, head of global equity income at Janus Henderson Investors.
