Bumper payouts from mining companies drives global dividends to three-month record of £301bn
Bumper payouts from mining companies drove global dividends to a three-month record of £301billion, according to fund manager Janus Henderson.
Experts are now predicting new highs of £1.1billion for the whole of 2021.
The figures will be a relief to savers and pensioners who saw their extra incomes slashed when many companies cut their payouts last year.
Digging deep: A rally in metal prices saw firms such as Rio Tinto and BHP hand back billions to investors
A rally in metal prices saw firms such as Rio Tinto and BHP – which will be the single biggest dividend-giver this year – hand back billions to investors.
Mining companies worldwide distributed more money in the third quarter alone than they did in the whole of 2019, which was the highest year for them on record.