Aussie dividends make comeback on mining boom

InvestorDaily

After Australian payouts fell 6.7 per cent in the final quarter of 2025 amid a decline in mining dividends, the latest Capital Group report shows that trend has reversed in the first quarter of this year with core dividend growth up 15 per cent. Following years of cuts driven by weak profitability across the mining sector, the turnaround in the commodity cycle was cited as a key driver of global Q1 growth, with Australian companies performing “particularly strong” in this regard. Capital Group’s latest Dividend Watch, a part of its Global Equity Study, found overall global dividends started 2026 on strong footing, rising 8.2 per cent on a topline basis to a Q1 record of US$419 billion ($590 billion).  

Australian Q1 dividend data 

Source: Capital Group, May 2026 

This came as the underlying core growth rate rose 5.2 per cent year-on-year, which the firm said is a more representative gauge of dividend momentum and was also reflected in median per-share dividend growth.  With global dividend growth more than doubling over the past decade, Capital Group head of asset class services for Europe and Asia-Pacific, Alexandra Haggard, said the trend has been supported by rising company earnings and a broadening dividend-paying culture across markets.

The rest of this article can be found at investordaily.com.au.