S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase of $7.4 Billion in Q2 2025 as Dividend Growth Continues to Slow
S&P Dow Jones Indices (NYSE:SPGI) reports a significant slowdown in U.S. dividend growth for Q2 2025. The net dividend rate change increased by $7.4 billion, down from $15.3 billion in Q1 2025 and $16.0 billion in Q2 2024. Dividend increases fell 49.8% to $9.8 billion, while decreases dropped 44.0% to $2.3 billion.
For the 12-month period ending June 2025, the net dividend increase was $44.1 billion, compared to $54.6 billion in the previous period. The S&P 500 Q2 2025 dividend payments increased 0.6% to $19.48 per share, with 80.9% of S&P 500 companies currently paying dividends. Despite slower growth, 2025 is expected to set a new record with a projected 6% increase in dividend payments.
The analysis shows varying yields across market caps, with large-caps at 1.25%, mid-caps at 1.50%, and small-caps at 1.70% for Q2 2025.
S&P Dow Jones Indices (NYSE:SPGI) segnala un significativo rallentamento nella crescita dei dividendi negli Stati Uniti per il secondo trimestre del 2025. La variazione netta del tasso di dividendi 猫 aumentata di 7,4 miliardi di dollari, in calo rispetto ai 15,3 miliardi del primo trimestre 2025 e ai 16,0 miliardi del secondo trimestre 2024. Gli incrementi dei dividendi sono diminuiti del 49,8%, attestandosi a 9,8 miliardi di dollari, mentre le diminuzioni sono calate del 44,0% a 2,3 miliardi di dollari.
Per il periodo di 12 mesi terminante a giugno 2025, l'aumento netto dei dividendi 猫 stato di 44,1 miliardi di dollari, rispetto ai 54,6 miliardi del periodo precedente. I pagamenti dei dividendi dell'S&P 500 nel secondo trimestre 2025 sono cresciuti dello 0,6%, raggiungendo 19,48 dollari per azione, con l'80,9% delle societ脿 dell'S&P 500 che attualmente distribuiscono dividendi. Nonostante la crescita pi霉 lenta, il 2025 dovrebbe stabilire un nuovo record con un previsto incremento del 6% nei pagamenti dei dividendi.
L'analisi evidenzia rendimenti diversi in base alla capitalizzazione di mercato, con le large-cap al 1,25%, le mid-cap all'1,50% e le small-cap all'1,70% per il secondo trimestre 2025.
S&P Dow Jones Indices (NYSE:SPGI) informa de una desaceleraci贸n significativa en el crecimiento de dividendos en EE.UU. para el segundo trimestre de 2025. El cambio neto en la tasa de dividendos aument贸 en 7,4 mil millones de d贸lares, disminuyendo desde 15,3 mil millones en el primer trimestre de 2025 y 16,0 mil millones en el segundo trimestre de 2024. Los aumentos de dividendos cayeron un 49,8% hasta 9,8 mil millones, mientras que las reducciones bajaron un 44,0% hasta 2,3 mil millones.
Para el per铆odo de 12 meses que finaliza en junio de 2025, el aumento neto de dividendos fue de 44,1 mil millones de d贸lares, en comparaci贸n con 54,6 mil millones en el per铆odo anterior. Los pagos de dividendos del S&P 500 en el segundo trimestre de 2025 aumentaron un 0,6% hasta 19,48 d贸lares por acci贸n, con un 80,9% de las empresas del S&P 500 que actualmente pagan dividendos. A pesar del crecimiento m谩s lento, se espera que 2025 establezca un nuevo r茅cord con un aumento proyectado del 6% en los pagos de dividendos.
El an谩lisis muestra rendimientos variables seg煤n la capitalizaci贸n de mercado, con las large-cap en 1,25%, las mid-cap en 1,50% y las small-cap en 1,70% para el segundo trimestre de 2025.
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S&P Dow Jones Indices (NYSE:SPGI) rapporte un ralentissement significatif de la croissance des dividendes aux 脡tats-Unis pour le deuxi猫me trimestre 2025. Le changement net du taux de dividendes a augment茅 de 7,4 milliards de dollars, en baisse par rapport 脿 15,3 milliards au premier trimestre 2025 et 16,0 milliards au deuxi猫me trimestre 2024. Les augmentations de dividendes ont chut茅 de 49,8 % 脿 9,8 milliards, tandis que les baisses ont diminu茅 de 44,0 % 脿 2,3 milliards.
Pour la p茅riode de 12 mois se terminant en juin 2025, l'augmentation nette des dividendes 茅tait de 44,1 milliards de dollars, contre 54,6 milliards lors de la p茅riode pr茅c茅dente. Les paiements de dividendes du S&P 500 au deuxi猫me trimestre 2025 ont augment茅 de 0,6 % pour atteindre 19,48 $ par action, avec 80,9 % des entreprises du S&P 500 versant actuellement des dividendes. Malgr茅 une croissance plus lente, 2025 devrait 茅tablir un nouveau record avec une augmentation pr茅vue de 6 % des paiements de dividendes.
L'analyse montre des rendements variables selon la capitalisation boursi猫re, avec les grandes capitalisations 脿 1,25 %, les moyennes 脿 1,50 % et les petites 脿 1,70 % pour le deuxi猫me trimestre 2025.
S&P Dow Jones Indices (NYSE:SPGI) meldet eine deutliche Verlangsamung des US-Dividendenwachstums im zweiten Quartal 2025. Die Netto-Dividenden盲nderung stieg um 7,4 Milliarden US-Dollar, was einen R眉ckgang gegen眉ber 15,3 Milliarden im ersten Quartal 2025 und 16,0 Milliarden im zweiten Quartal 2024 darstellt. Dividendensteigerungen fielen um 49,8 % auf 9,8 Milliarden, w盲hrend 顿颈惫颈诲别苍诲别苍办眉谤锄耻苍驳别苍 um 44,0 % auf 2,3 Milliarden zur眉ckgingen.
F眉r den 12-Monats-Zeitraum bis Juni 2025 betrug die Netto-Dividendensteigerung 44,1 Milliarden US-Dollar, verglichen mit 54,6 Milliarden im vorherigen Zeitraum. Die Dividendenzahlungen des S&P 500 im zweiten Quartal 2025 stiegen um 0,6 % auf 19,48 US-Dollar pro Aktie, wobei 80,9 % der S&P 500-Unternehmen derzeit Dividenden zahlen. Trotz des langsameren Wachstums wird erwartet, dass 2025 mit einer prognostizierten 6 %igen Steigerung der Dividendenzahlungen einen neuen Rekord aufstellt.
Die Analyse zeigt unterschiedliche Renditen je nach Marktkapitalisierung, wobei Large-Caps bei 1,25 %, Mid-Caps bei 1,50 % und Small-Caps bei 1,70 % im zweiten Quartal 2025 liegen.
- Net dividend rate increased by $7.4 billion in Q2 2025
- S&P 500 Q2 2025 dividend payments up 6.6% year-over-year to $19.48 per share
- 2025 expected to post a record dividend payment with 6% projected increase
- High dividend participation rate with 80.9% of S&P 500 companies paying dividends
- Q3 2025 potential for new quarterly dividend payment record driven by bank dividends
- Dividend growth declined significantly with Q2 increases down 49.8% from Q1 2025
- 12-month dividend increases dropped 26.8% to $57.6 billion vs prior period
- 2025 dividend growth projection reduced to 6% from previous 8% expectation
- Percentage of dividend-paying non-S&P 500 companies declined to 20.0% from 20.3%
- Dividend yields decreased across most market caps due to price increases outpacing dividend growth
Insights
U.S. dividend growth significantly slowing in Q2 2025, with companies adopting more cautious stance amid economic uncertainty.
The latest S&P Dow Jones Indices report reveals a pronounced slowdown in dividend growth, with Q2 2025 showing a $7.4 billion net increase in indicated dividend payments鈥攍ess than half the $15.3 billion increase in Q1 2025 and $16.0 billion in Q2 2024. This deceleration is striking, with dividend increases down
The data reflects corporate hesitancy amid economic uncertainty, particularly related to pending tariff policies. Companies are showing restraint in dividend commitments, either reducing the size of increases or postponing them altogether. This behavior typically indicates management teams are prioritizing financial flexibility until economic conditions become clearer.
Looking at longer-term trends, the 12-month period ending June 2025 posted a net dividend increase of
For the S&P 500 specifically, quarterly dividend payments reached
Despite the slowdown, there's potential for improvement in the second half of 2025, particularly in Q3 when bank dividends typically increase following stress test results. The report projects a
- Q2 2025 U.S. common dividend increases were
$9.8 billion 49.8% from$19.5 billion 52.1% from$20.4 billion - Q2 2025 U.S. common dividend decreases were
$2.3 billion 44.0% from$4.2 billion 46.8% from$4.4 billion - Q2 2025 net indicated dividend rate change increased
$7.4 billion - For the 12-months ending June 2025,
U.S. common dividend increases were$57.6 billion 26.8% from the 12-month June 2024 period's$78.7 billion 43.9% to$13.5 billion $24.1 billion - The net 12-month June 2025 indicated dividend increase was
$44.1 billion $54.6 billion
For the 12-months ending June 2025, the net dividend rate increased
"Dividend growth declined in Q2 2025, as concern over forward cash commitment was inhabited by the uncertainty over tariffs and its impact on sales, costs and the general economy. Overall, companies continued to increase their dividends, but with smaller increases for those on a perceived schedule (annually). On the other hand, for the companies not on a perceived schedule, many appeared to put off their actions for now," said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices.
Silverblatt continued: "Given the speed and expected implementation of the current legislative changes from
Silverblatt concluded: "Working with a base case for a higher-level resolution, the second half of 2025 could be stronger than historical averages for dividends. Q3 is expected to start out with an improvement from big banks as they continue to increase their dividends, helped by the Fed's recent positive stress test results; the third quarter has the potential to set a new quarterly dividend payment record. For 2025, the S&P 500 is expected to post a record payment, posting a
S&P 500庐 Dividends
On a per share basis, S&P 500 Q2 2025 dividend payments increased
Additional findings from S&P Dow Jones Indices' quarterly analysis of
Dividend Increases (defined as either an increase or initiation in dividend payments):
- 480 dividend increases were reported during Q2 2025 compared to 539 during Q2 2024, a
10.9% year-over-year decrease. - Total dividend increases were
$9.8 billion $20.4 billion - For the 12-months ending in June 2025, 2,353 issues increased their payments, down from the 2,490 issues for the 12-months ending in June 2024.
- Total dividend increases for the 12-month June 2025 period were
$57.6 billion $78.7 billion
Dividend Decreases (defined as either a decrease or suspension in dividend payments):
- 38 issues decreased dividends in Q2 2025, an
81.0% year-over-year decrease compared to 21 issues in Q2 2024. - Dividend decreases were
$2.3 billion $4.4 billion - For the 12-months ending in June 2025, 155 issues decreased their dividend payments, an
11.4% decrease compared to the 175 decreases within the prior 12-month period. - Dividend decreases were
$13.5 billion 43.9% decrease from the prior 12-month period's$24.1 billion
Non-S&P 500 Domestic Common Issues (for issues yielding
- The percentage of non-S&P 500 domestic dividend-paying common issues declined to
20.0% from Q1 2025's20.3% and was down from the Q2 2024's20.3% . - The weighted indicated dividend yield for paying issues was
2.70% in Q2 2025, down from the2.78% in Q1 2025 and down from2.92% in Q2 2024. The average indicated yield decreased to3.23% in Q2 2025 compared to Q1 2025's3.32% and was down from3.37% in Q2 2024.
Large-, Mid-, and Small-Cap Dividends:
- 407 issues or
80.9% within the听S&P 500 currently pay a dividend, the same as in Q1 2025 and up from the 403 which paid in Q2 2024; 28 of the 30 constituents within the Dow Jones Industrial Average庐 pay a dividend with an average yield of1.97% for all issues and2.11% for the paying issues. 66.1% 辞蹿听S&P MidCap 400庐 issues pay a dividend, down from66.3% in Q1 2025 and up from65.8% in Q2 2024.57.3% of S&P SmallCap 600庐 issues pay a dividend, down from57.8% in Q1 2025 and down from59.1% in Q2 2024.- Yields were lower for Q2 2025 as prices increased faster than dividends, large-cap yields decreased to
1.25% (1.37% for Q1 2025 and1.35% for Q2 2024), mid-caps decreased to1.50% (1.59% for Q1 2025 and1.52% for Q2 2024), and small-caps decreased to1.70% (1.79% for Q1 2025 and1.81% for Q2 2024). - The yields across dividend-paying market-size classifications varied with large-caps decreasing to
1.51% for Q2 2025 (1.64% in Q1 2025 and1.61% in Q2 2024), mid-caps decreasing to2.31% (2.37% in Q1 2025 and2.26% in Q2 2024), and small-caps increasing to3.00% (3.04% in Q1 2025 and3.06% in Q2 2024).
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