Equity Strategy
Is the Market Understating the Dividend Outlook?
Thu 4th February, 2021

On the cusp of February reporting season, we look at the outlook for dividends from the Australian market. With consumer discretionary and the materials sectors likely to be a source of dividend surprise during results season, this could raise a broader question around the profile of market dividends into FY22E and FY23E. In our monthly view on Australian equities, we explain why we think the market is potentially underestimating the dividend outlook, delving into:

  • The outlook for dividend payout ratios 
  • Potential areas for dividend upside
  • Whether dividends matter for our quality/growth-biased Wilsons Australian Equity Focus List

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    This document has been prepared by Wilsons Advisory and Stockbroking Limited (AFSL 238375, ABN 68 010 529 665) (“Wilsons”) and its authors without consultation with any third parties, nor is Wilsons authorised to provide any information or make any representation or warranty on behalf of such parties. Any opinions contained in this document are subject to change and do not necessarily reflect the views of Wilsons. This document has not been prepared or reviewed by Wilsons' Research Department and does not constitute investment research. Wilsons makes no representation or warranty, express or implied, as to the accuracy or completeness of the information and opinions contained therein, and no reliance should be placed on this document in making any investment decision. Any projections contained in this communication are estimates only. Such projections are subject to market influences and contingent upon matters outside the control of Wilsons and therefore may not be realised in the future. Past performance is not an indication of future performance.

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    Written by

    John Lockton , Australian Equities

    John is a leading investment strategist with 20 years experience.

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