2024 European Dividend Outlook

European dividends grew 10% to reach a new high in 2023 at EUR 478bn. Powerhouse industries like banking, capital goods and pharmaceuticals supported an upswing in aggregate payments.

Now, amidst a challenging macroeconomic environment and rising geopolitical risk, we expect European dividends to remain resilient with aggregate ordinary payments projected to increase mid-single digits (5%) in 2024.

Join us as we discuss our expectations for dividend challenges and opportunities in 2024.

To help us in our analysis, we look forward to welcoming Chris Williamson, S&P Global Market Intelligence’s Chief Business Economist, who will help us to decipher the most recent economic data trends and their potential impact upon the dividend markets. We will also have Paul Watters, Head of Credit Research for S&P Global Ratings in Europe, to highlight the latest rating trends across various sectors in the region. Elizabeth Bebb, Head of Factor and Dividend Indices EMEA for S&P Dow Jones Indices will discuss why dividend index methodology matters and explore how dividend forecasting data can be incorporated into indices.

• Latest economic trends in Europe
• Credit outlook for the key sectors in the region
• Dividends from key sectors such as banking, capital goods, and healthcare continue to lead the way
• An overall slowdown is expected, with notable cuts to the transportation and materials
• Dividend index methodology and incorporating dividend forecasting data