Investors saw their dividends in Europe grow by over 18 percent in the second quarter of this year, with pay-outs hitting $153.4 billion, according to new research.
Europe accounted for $2 in every $5 paid out in dividends globally, Henderson Global Investors said in a report published Monday.
European companies, which tend to pay the bulk of dividends in the second quarter, were seemingly not hindered by sluggish euro zone growth, and accounted for 40 percent of the global growth in dividends.
Global pay-outs hit a record $426.8 billion in the period, Henderson Global Investors said, an increase of $44.6 billion.
The strength of the euro, which spiked to a two-and-a-half-year high against the dollar in March and traded close to $1.40 percent for most of the second quarter, added $6.2 billion to Europe’s dividend total. The currency has since cooled to trade at around $1.34, down over 4 percent from its peak in March.
Likewise, a further $1.1 billion was added by a stronger Swiss franc.
In the U.K., sterling aided to the region’s performance, with the strength of the pound accounting for three quarters of the 9.5 percent growth in dividends paid out by U.K firms.