Oil firms drive global record for dividends

Shareholders were paid a record $46.4 billion in payouts from oil companies as dividends rose by 75.1 per cent in the third quarter.

Global payouts grew by 10.3 per cent year-on-year to $415.9 billion, a record for the third quarter, according to the Global Dividend Index from the asset manager Janus Henderson.

Oil and gas producers almost exclusively drove the increase in global payouts, which were largely disbursed through one-off special payments.

In the UK, 84 per cent of companies raised dividends or kept them steady, lower than the global average of 90 per cent. Overall, mining dividends were down by a third in the UK, while banking and oil dividends were higher.

Dividends rose by 2.5 per cent in the UK but the effect

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