2021 was a catch-up year for dividends as companies learned to live with the new world of public health measures and supply chain disruption. Although aggregate global dividends are yet to return to pre-pandemic levels, our list of sustainable dividend payers has returned to growth. Within the group, dividends per share increased by between low single digits and mid-teens in percentage terms.
The effects of the pandemic on our selected businesses have varied by sector and with the underlying business mix of the companies. However, the list has benefitted from a focus on firms with repeat-purchase and value adding products, solid cash generation and moderately geared balance sheets.
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