What are the criticisms of Digital India

These results can be read in the dividend study published today. This analysis of the German stock market is a joint project of the DSW Deutsche Schutzvereinigung für Wertpapierbesitz e.V. and the FOM University - represented by isf. It is carried out under the leadership of Christian W. Röhl, isf advisory board chairman and founder of the research house DividendenAdel.

Another indication of the special quality of the dividend year is in the eyes of Prof. Dr. Frère the number of increases. “Almost two thirds of the 160 index companies distribute more than in the previous year. This is the fourth increase in a row - and to a level that has only been achieved in 2008. ”At the same time, there are only cutbacks, failures or persistent dividend refusals at every fifth company. "That too is a new record."

Nevertheless, the FOM scientist has cause for criticism. For example, with a view to the payment behavior in the small caps segment. “While around three quarters of the companies in the DAX league are increasing their dividends, just under half of the SDAX companies have exceeded their previous year's dividends. In the General Standard, increases are even the exception despite the good overall economic situation. "

Even among the companies compiled in the selection indices, Prof. Dr. Brother potential for improvement. Although the absolute dividend contributions would increase, the payout ratios have remained constant and too low for years. “In the DAX, MDAX, TecDAX and SDAX, less than half of the previous year's profit is usually transferred to shareholders. For every fourth company, the rate is even below 33 percent. "

The dividend study was carried out for the eighth time this year. The entire German stock market - consisting of Prime, General and Entry Standard - was analyzed. The complete results are available for download in PDF format.