Australian Dividends Trail Global Payouts Amid Mining Cuts and Slow Bank Growth

Australian dividends fell 7.4% in Q3, largely due to cuts from mining groups and Woodside Energy. The country's banks are increasing dividends slowly due to high payout ratios. Meanwhile, US$58.1 billion was returned to shareholders in the Pacific region, excluding China, Hong Kong, and Japan, with Taiwan seeing the strongest dividend growth at 25%.