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• ASX200 companies are expected to declare US$65.2 billion in
fiscal year (FY) 2022, staying above the pre-pandemic level of
US$56.6 billion in FY 2019.
• The prolonged commodity and energy boom and fewer
pandemic-related restrictions are the major factors in sustaining
the dividend level.
• Mining, energy, agricultural business, and investment banks
are among the biggest winners from the supply chain disruption.
The world entered 2022 with a bumpy start. While the fast-evolving
virus variants continue to trigger waves of infections around the
globe, the world's economy is seeing reduced steam, as many
countries battle the inflation pressingly by tightening monetary
policy. On the geopolitical front, the conflict between the two
important global commodities and energy suppliers—Russia and
Ukraine—drags on, triggering more disruptions on an already
troubled supply chain. All these events, as a consequence, create
uncertainty for economy recovery path ahead as well as fear for
stagflation. Although Australia might be remote to the center of
the geopolitical events, the country is still expected to feel the
full impacts through the interconnected global trading system as a
key exporter of commodity and energy products in Asia Pacific. IHS
Markit recently upgraded the 2022 GDP outlook for Australia from
2.8% previously to 3.5%, primarily owing to the near-term strong
demand for Australia's exports of energy products, cereals, and
other agricultural goods. At the same time, the growth is expected
to be tempered by the inflationary pressure and risk of swifter
monetary policy tightening that undercuts the consumer spending.
Against this backdrop, this report analyses how the economic and
geopolitical events and their impacts will trickle down to
corporates and in turn, their dividends for 2022.
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.
