S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase of $10.6 Billion in Q3 2025 as Dividend Growth Continues to Be Slow
S&P Dow Jones Indices (SPGI) reported that Q3 2025 U.S. common net indicated dividend changes increased by $10.6 billion, with $14.0 billion of increases and $3.4 billion of decreases. The 12-month period ending September 2025 showed a net indicated dividend increase of $45.1 billion, down from $55.3 billion the prior year. S&P 500 dividends per share for Q3 2025 were $19.81 (up 1.7% QoQ, 6.0% YoY) and the 12-month S&P 500 payout was $78.48 (up 6.9% YoY). Yields and paying-issue percentages declined modestly across market caps amid slower dividend growth and macro uncertainty.
S&P Dow Jones Indices (SPGI) ha riportato che nel terzo trimestre 2025 i dividendi indicati netti degli azionisti statunitensi hanno registrato un aumento di 10,6 miliardi di dollari, con 14,0 miliardi di dollari di aumenti e 3,4 miliardi di dollari di diminuzioni. Il periodo di 12 mesi concluso a settembre 2025 ha mostrato un aumento netto dei dividendi indicati di 45,1 miliardi di dollari, in calo rispetto ai 55,3 miliardi dell'anno precedente. I dividendi per azione dello S&P 500 per il 3Q 2025 sono stati 19,81 dollari (in aumento QoQ dello 1,7%, YoY 6,0%) e la distribuzione sui 12 mesi dello S&P 500 è stata 78,48 dollari (in aumento YoY 6,9%). I rendimenti e le percentuali di emissione che paga sono diminuiti moderatamente su tutte le capitalizzazioni di mercato a causa di una crescita dei dividendi più lenta e dell'incertezza macroeconomica.
S&P Dow Jones Indices (SPGI) informó que en el tercer trimestre de 2025 los dividendos indicados netos de EE. UU. por acción común aumentaron en 10,6 mil millones de dólares, con 14,0 mil millones de dólares de aumentos y 3,4 mil millones de dólares de disminuciones. El periodo de 12 meses cerrado en septiembre de 2025 mostró un aumento neto de dividendos indicados de 45,1 mil millones de dólares, por debajo de 55,3 mil millones del año anterior. Los dividendos por acción del S&P 500 para el 3T 2025 fueron 19,81 dólares (arriba 1,7% QoQ, 6,0% YoY) y el pago de los S&P 500 en 12 meses fue de 78,48 dólares (arriba 6,9% YoY). Los rendimientos y los porcentajes de emisión que paga disminuyeron ligeramente en todas las capitalizaciones de mercado debido a un crecimiento de dividendos más lento y a la incertidumbre macroeconómica.
S&P 다우존스 지수(SPGI)는 2025년 3분기 미국 보통주 순현금 배당 지침이 106억 달러 증가했고, 140억 달러의 증가와 34억 달러의 감소가 있었다고 보고했습니다. 2025년 9월 말로 끝나는 12개월 기간은 지시 배당 증가 순액이 451억 달러로 전년의 553억 달러에서 감소했습니다. 2025년 3분기 S&P 500의 주당 배당은 19.81달러로(전분기 대비 1.7%, 전년 동기 대비 6.0%)이며, 12개월의 S&P 500 배당 지급은 78.48달러로(전년 대비 6.9%) 증가했습니다. 수익률과 지급 이슈 비율은 배당 성장 둔화와 거시경제적 불확실성으로 인해 시가총액 간에 약간 감소했습니다.
S&P Dow Jones Indices (SPGI) a annoncé que les dividendes indiqués nets des actions ordinaires américaines au T3 2025 ont augmenté de 10,6 milliards de dollars, avec 14,0 milliards de dollars d"augmentations et 3,4 milliards de dollars de diminutions. La période de 12 mois se terminant en septembre 2025 a montré une augmentation nette des dividendes indiqués de 45,1 milliards de dollars, en baisse par rapport à 55,3 milliards l'année précédente. Les dividendes par action du S&P 500 pour le T3 2025 s'élevaient à 19,81 dollars (en hausse QoQ de 1,7%, YoY de 6,0%) et le paiement sur 12 mois du S&P 500 était de 78,48 dollars (en hausse YoY de 6,9%). Les rendements et les pourcentages d"émissions payantes ont légèrement diminué dans toutes les capitalisations de marché en raison d"une croissance des dividendes plus lente et de l"incertitude macroéconomique.
S&P Dow Jones Indices (SPGI) berichteten, dass im dritten Quartal 2025 die Nettobeträge der indicatoren Dividenden der US-Common-Aktien um 10,6 Milliarden USD gestiegen sind, mit 14,0 Milliarden USD an Zuwächsen und 3,4 Milliarden USD an Rückgängen. Der 12-Monats-Zeitraum bis September 2025 verzeichnete einen Nettoanstieg der indicatoren Dividenden um 45,1 Milliarden USD, gegenüber 55,3 Milliarden USD im Vorjahr. Die Dividenden pro Aktie des S&P 500 für Q3 2025 betrugen 19,81 USD (QoQ +1,7%, YoY +6,0%) und die 12-Monats-Auszahlung des S&P 500 betrug 78,48 USD (YoY +6,9%). Renditen und paying-issue-Prozentsätze sanken über alle Marktkapitalisierungen leicht aufgrund langsamerem Dividendenwachstum und makroökonomischer Unsicherheit.
S&P Dow Jones Indices (SPGI) أعلنت أن التغيرات في توزيعات الأرباح المؤشرات للأوراق الأمريكية العادية خلال الربع الثالث من 2025 ارتفعت بمقدار 10.6 مليار دولار، مع زيادة قدرها 14.0 مليار دولار ونقص قدره 3.4 مليار دولار. أظهر فترة الاثني عشر شهراً المنتهية في سبتمبر 2025 زيادة صافية في التوزيعات المؤشرات بمقدار 45.1 مليار دولار، بانخفاض من 55.3 مليار دولار في العام السابق. وكانت توزيعات S&P 500 على أساس السهم للربع الثالث من 2025 19.81 دولاراً (ارتفاع QoQ بنسبة 1.7%، YoY بنسبة 6.0%)، وصافي الدفع خلال 12 شهراً لـ S&P 500 بلغ 78.48 دولاراً (ارتفاع YoY بنسبة 6.9%). انخفضت العوائد ونسب الإصدارات المدفوعة باطراد عبر رؤوس الأموال السوقية وسط تباطؤ نمو التوزيعات وعدم اليقين الاقتصادي الكلي.
S&P&P道琼斯指数公司（SPGI） 报告称，2025年第三季度美国普通股的净指示性股息增加了106亿美元，其中增加了140亿美元，减少了34亿美元。截至2025年9月结束的12个月期内，指示性股息净增为451亿美元，较上年同期的553亿美元有所下降。2025年第三季度标普500指数的每股股息为19.81美元（环比增长1.7%，同比增长6.0%），12个月的标普500派息总额为78.48美元（同比增长6.9%）。由于股息增长放缓与宏观不确定性，市场资本化不同等级的收益率与支付比例略有下降。
- Net Q3 2025 indicated dividend increase of $10.6 billion
- S&P 500 Q3 2025 dividend per share $19.81, +1.7% QoQ
- 12-month ending Sept 2025 net dividend increase $45.1 billion
- 12-month dividend increases down 23.1% to $57.5 billion
- Dividend increase count 421 in Q3 2025, down 12.3% YoY
- Weighted indicated yield for paying issues fell to 2.49% in Q3 2025
- Q3 2025 dividend decreases issues rose 59.3% YoY to 43 issues
-
Q3 2025 U.S. common dividend increases were
$14.0 billion 43.0% from$9.8 billion 0.7% from$14.1 billion -
Q3 2025 U.S. common dividend decreases were
$3.4 billion 46.1% from$2.3 billion 25.2% from$4.6 billion -
Q3 2025 net indicated dividend rate change increased
$10.6 billion -
For the 12-months ending September 2025 U.S. common dividend increases were
$57.5 billion 23.1% from the 12-month September 2024 period's$74.7 billion 36.4% to$12.4 billion $19.5 billion -
The net 12-month September 2025 indicated dividend increase was
$45.1 billion $44.1 billion $55.3 billion
For the 12-months ending September 2025, the net dividend rate increased
"Dividend growth continued to be slow in Q3 2025, as concern over forward cash commitment was inhabited by the uncertainty over the evolving tariff polices, along with their impact on sales, costs and the general economy. Overall, companies continued to increase their dividends, but with smaller increases for those on a perceived schedule (annually). For companies not on a perceived schedule, many appeared to put off their actions for now," said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices.
Silverblatt continued: "Given the start of tariff and policy clarity in Q3, companies may increase their payouts but still require more legislative and executive assurances for forward, long-term dividend commitments. Current tax and write-off benefits from the 'One Big Beautiful Bill' have added to corporate earnings; as expected increased tax refunds for consumers (starting in February 2026) has permitted increased sales expectations, giving companies short-term assurances but not the longer-term confidence for larger dividend commitment."
Silverblatt concluded: "Working with a base case for a higher-level resolution of economic related issues, lower interest rates from the FOMC, and continued
S&P 500® Dividends
On a per share basis, S&P 500 Q3 2025 dividend payments increased
Additional findings from S&P Dow Jones Indices' quarterly analysis of
Dividend Increases (defined as either an increase or initiation in dividend payments):
- 421 dividend increases were reported during Q3 2025 compared to 480 during Q3 2024, a
12.3% year-over-year decrease. - Total dividend increases were
$14.0 billion $14.1 billion - For the 12-months ending in September 2025, 2,294 issues increased their payments, down from the 2,522 issues for the 12-months ending in September 2024.
- Total dividend increases for the 12-month September 2025 period were
$57.5 billion $74.7 billion
Dividend Decreases (defined as either a decrease or suspension in dividend payments):
- 43 issues decreased dividends in Q3 2025, a
59.3% year-over-year increase compared to 27 issues in Q3 2024. - Dividend decreases were
$3.4 billion $4.6 billion - For the 12-months ending in September 2025, 171 issues decreased their dividend payments, a
22.1% increase compared to the 140 decreases within the prior 12-month period. - Dividend decreases were
$12.4 billion 36.4% decrease from the prior 12-month period's$19.5 billion
Non-S&P 500 Domestic Common Issues (for issues yielding
- The percentage of non-S&P 500 domestic dividend-paying common issues declined to
19.6% from Q2 2025's20.0% and was down from the Q3 2024's20.4% . - The weighted indicated dividend yield for paying issues was
2.49% in Q3 2025, down from the2.70% in Q2 2025 and down from2.69% in Q3 2024. The average indicated yield decreased to3.11% in Q3 2025 compared to Q2 2025's3.23% and was down from3.18% in Q3 2024.
Large-, Mid-, and Small-Cap Dividends:
- 407 issues or
80.9% within the S&P 500 currently pay a dividend, the same as in Q2 2025 and up from the 404 which paid in Q3 2024; 28 of the 30 constituents within the Dow Jones Industrial Average® pay a dividend with an average yield of1.93% (1.97% in Q2 2025) for all issues and2.07% (2.11% ) for the paying issues. 65.3% of S&P MidCap 400®issues pay a dividend, down from66.1% in Q2 2025 and down from66.6% in Q3 2024.57.6% of S&P SmallCap 600®issues pay a dividend, up from57.3% in Q2 2025 and down from58.0% in Q3 2024.- Yields were lower for Q3 2025 as prices increased faster than dividends, large-cap yields decreased to
1.17% (1.25% for Q2 2025 and1.29% for Q3 2024), mid-caps decreased to1.40% (1.50% for Q2 2025 and1.42% for Q3 2024), and small-caps decreased to1.57% (1.70% for Q2 2025 and1.60% for Q3 2024). - The yields across dividend-paying market-size classifications varied with large-caps decreasing to
1.42% for Q3 2025 (1.51% in Q2 2025 and1.54% in Q3 2024), mid-caps decreasing to2.23% (2.31% in Q2 2025 and2.11% in Q3 2024), and small-caps decreasing to2.76% (3.00% in Q2 2025 and2.69% in Q3 2024).
For more information about S&P Dow Jones Indices, please visit https://www.spglobal.com/spdji/en/.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.
S&P DJI MEDIA CONTACTS:
Alyssa Augustyn, External Communications –
(+1) 773 919 4732 alyssa.augustyn@spglobal.com
S&P DJI INDEX SERVICES:
Howard Silverblatt, Senior Index Analyst
(+1) 973 769 2306 howard.silverblatt@spglobal.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-dow-jones-indices-reports-us-common-indicated-dividend-payments-increase-of-10-6-billion-in-q3-2025-as-dividend-growth-continues-to-be-slow-302580328.html
SOURCE S&P Dow Jones Indices
FAQ
What dividend change did S&P Dow Jones Indices report for Q3 2025 (SPGI)?
How much did S&P 500 dividends per share change in Q3 2025 (SPGI)?
What was the 12-month net indicated dividend change ending September 2025 for SPGI?
Did dividend yields rise or fall in Q3 2025 for U.S. issues (SPGI)?
How did the count of dividend increases and decreases change in Q3 2025 (SPGI)?
What outlook did S&P Dow Jones Indices give for Q4 2025 dividends (SPGI)?
