Higher dividends for investors: Russell Investments
The market has delivered a 9 per cent increase in dividends to investors this reporting season, according to data released by Russell Investments' high dividend and high value indexes.
In the period of lower growth forecasts and heightened volatility, companies are taking the prudent approach and returning capital to shareholders instead of reinvesting cash, according to Russell Investments portfolio manager, Scott Bennett.
Apart from the mining giants, Telstra and Westfield, the big four banking groups were found amongst top 10 holdings in Russell's high value and high dividend indexes.
Bennett added the company's high value index found value in resources, as financials lost their "cheap" appeal.
"In stock movements, this translates into buys of BHP and Rio and selling down the banks," he said.
Recommended for you
ASIC has cancelled the AFSL of global advisory group Brite Advisors after compensation was paid to an individual by the Compensation Scheme of Last Resort.
Having taken some “quite tough medicine” during its 18-month transformation program, Iress is now doubling down on organic growth in the delivery of its wealth technologies.
The RIAA Conference Australia 2025 will take place later this month, featuring a range of sessions designed for financial advisers.
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
