Portugal in top 5 in dividends stakes

An annual study by Allianz GI – Dividend Study 2024 – puts Portugal in 5th place in its ranking for the best payouts on shares.

Allianz Global Investors (GI) highlights Portugal as giving an average dividend yield of 3.55% in 2023 and forecasts 3.8% for 2024.
This was based on the MSCI Europe Index, a stock market index that measures the performance of the large and mid-cap companies across developed countries in Europe.
Dividend payouts for the MSCI Europe are forecast to hit €433Bn in 2024, a 6.5% increase from 2023, according to a study by Allianz Global Investors.
Payouts reached record levels last year, with companies in the broad MSCI Europe index paying a total of roughly €407Bn. In 2025, the total sum is expected to hit €460Bn – up 13% from 2023 – according to Allianz GI forecasts.
Dividend yield is also following a similar growth trajectory, the company found. It stood at just under 3.5% at the end of 2023, and is expected to rise to more than 3.6% by the end of this year.
However, the yield figure is even higher for UK companies included in the MSCI index, with 4.2% yield achieved in 2023 and 4.6% expected for 2024.
The overall fall in the prices of European shares in 2022 contributed to the dividend yield. But Euronext Lisbon (Lisbon’s stock market) bucked the negative world trend having rounded off 2023 in positive territory, while in 2023 its shares also gained value.
However, overall Portugal has fallen in the ranking after three consecutive years in which the country was in pole position but fell down to 5th position last year, overtaken by Sweden, where it is likely to remain this year.