The world’s 1,200 biggest public companies collectively issued $326.7bn in dividends in the first quarter of 2023, a rise of 12 per cent on the same period a year ago, according to a quarterly report from fund manager Janus Henderson.
Then goes on to comment that:
But then, of course, it has to be recalled that few groups of workers have had inflation matching pay rises. And 12% is not, anyway, inflation matching. It is, of course, inflation busting.
Business may protest that there is no evidence of greedflation, but the evidence says otherwise.
Unless generous pay rises are permitted over the next year or so this short, sharp bout of inflation is going to give rise to a long term reallocation of rewards in society towards capital. And when working people are already short of the means to spend and capital has an excess of funds already available to it which it has no idea how to spend the consequence of that can only be a depressed economy where the only thing that will grow will be inequality.
My advice would be to read all of the original article.
Stripping out special payments and moves in exchange rates, Janus Henderson said global dividends rose 3 per cent in the first quarter and predicted the total would rise 5 per cent to $1.64tn in 2023.
Well below inflation then and working people must be taxed more in order to preserve corporate equitability, no?
I would also bet that the “1,200 biggest public companies” this year are not the same companies as last year. So it’s a selection of comapnies that are doing very well. Hardly representative.
And all of them will be declared carbon insolvent by 2050 by the committee accounting sustainable.
And aren’t the major beneficaries of dividend pensioners? He wants to impoverish all those widows and orphans, the brute!
I bet he’s read the whole article, but deliberately ignored the last bit. He’ll never let the truth get in the way of another profound Spud post (he hasn’t ever done so before, so I doubt he ever will).
Hang on, is he admitting that inflation is not transitory now? What day of the week is it?