U.S. Equities
Investment insights from Capital Group
Tech’s share of dividends is growing
Sources: FactSet, Capital Group. Data from 1999 to 2023.
Tech brightens outlook for S&P 500 dividends
Capital Group, Bloomberg. Data includes trailing 12-months, 1-year forward, two-year forward, and 3-year forward dividend futures prices as of 30 April, 2024.
Global dividends are expected to grow
Source: FactSet. Data from 2013 to 2023, with 2024 through 2026 based on consensus estimates as of 24 April, 2024. CAGR = compound annualised growth rate.
Dividend payers present opportunities
Source: Goldman Sachs. Data as of 31 March, 2024. P/E ratio = price-to-earnings ratio. Past results are not predictive of results in future periods. This chart examines the P/E multiple of the cohort of stocks in the S&P 500 Index with the highest quintile dividend yield (sector-neutral) relative to the broader S&P 500.
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Past results are not predictive of results in future periods. It is not possible to invest directly in an index, which is unmanaged. The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.
Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.