U.S. vs non-U.S. dividend payout gap
U.S. vs non-U.S. dividend payout gap
Chart • September 17, 2025
In this chart
Dividends outside the United States have not only been higher — they’ve also proven more resilient through market cycles. Since the start of COVID, U.S. payout ratios have steadily declined, while non-U.S. dividend payout ratios have remained stable, giving investors seeking income another compelling reason to look beyond domestic equities.
Dividend payout ratio average (%)
Source: MSCI, from July 31, 2019 – July 31, 2025