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Summary
In 2023, the US Market's regular aggregated dividend grew by 5.9% despite the turbulence in the economy caused by persistent inflation, high interest rates, and geopolitical risks.
Last year was marked by noticeable rifts from banks and commercial real estate, which continues to raise questions for 2024. Nevertheless, both sectors remain among the five highest dividend growth drivers.
While uncertainty around inflation pullback and interest rate cuts persist, we expect to see the payouts increase in US markets, led by four sectors: energy, banks, pharmaceuticals, and real estate.
In this webinar, S&P Global experts will explore sector-specific potential upsides and risks
Key highlights:
• How will sluggish economic expectations impact dividend payouts during the election year?
• Probability of credit rating deterioration and how it can impact dividend sustainability?
• How well-prepared are financial institutions to navigate regulatory challenges and withstand the pressure of low growth?
Speakers
S&P Global Market Intelligence
Nathan Stovall
Director, FIG Research
Nathan Stovall, with 17 years' experience covering the banking sector, is a principal analyst for the FIG Research offering of S&P Global Market Intelligence. His primary responsibilities include covering and analyzing financial institutions, with a focus on the banking industry.
He is the author of the banking blog, Street Talk, and host of the podcast by the same name. His in-depth analysis of the banking industry, including a focus on community banks, can be found on SPGMI's Research & Analysis feature, which includes historical and forward-looking performance figures.
During his tenure, he has regularly covered and participated on the conference circuit, moderating panels and webinars focused on major issues facing banks. He has spoken as industry events as well, offering updates on bank fundamentals, market conditions and forecasts for what lies ahead. He has been quoted in a number of trade publications and the national press, including The Wall Street Journal, The New York Times, The Financial Times and has appeared on Fox Business News and NPR's Planet Money.
Nathan holds a Bachelor of Arts degrees from Washington & Lee University, where he majored in business journalism
S&P Global Ratings
Nicole Serino
S&P Global Ratings
Director of Credit Research and Insights
Nicole Serino is a director in the Credit Markets and Insights team for S&P Global Ratings, which is responsible for delivering forward-looking, actionable insights on market-moving trends and their effects on credit.
Nicole Serino is a director in the Credit Markets and Insights team for S&P Global Ratings, which is responsible for delivering forward-looking, actionable insights on market-moving trends and their effects on credit. Nicole has over seven years of experience at S&P Global covering global credit –and is the lead author on several high-profile publications including the Investment-Grade Credit Check, Monthly Defaults, Risky Credits, U.S. Default and Transition Studies and numerous thought leadership pieces.
During her tenure, Nicole has regularly presented on webinars and podcasts, focusing on rating performance trends and key risks facing financial markets. She has been quoted in several publications by the national press, including The Wall Street Journal, Reuters, The Financial Times, The Economist. Nicole holds a Bachelor of Science degree from Stevens Institute of Technology as well as a master’s in finance from Carey School of Business at Johns Hopkins University.
S&P Global Market Intelligence
Vedant Bagri, CFA
S&P Global Market Intelligence
US Market Research Analyst
Vedant Bagri is a Dividend Research Analyst at S&P Global Market Intelligence
Vedant Bagri is a Dividend Research Analyst at S&P Global Market Intelligence
Vedant is responsible for dividend forecasting in the American region, focusing on specialized sectors such as Banks & Financial Services, and Real Estate Investment Trusts (REITs). He is a global research team member with a focus on banking and financial institutions. His research focuses on the balance banks have to strike between capital return to shareholders, meeting regulatory requirements, and exploring how these financial entities strategically expand their operations across regional, national, and global landscapes, adding another dimension to his research insights.
Before joining S&P, he worked as a Derivative trader & Analyst where he traded in index F&O, maintained Delta hedging, and was part of the market makers team. His responsibilities included actively taking derivative strategies to capitalize on market trends in proprietary accounts, maintaining optimal portfolio risk exposure, and maintaining liquidity and pricing of options.
Vedant is a CFA charter holder and also a member of the CFA Society of India. He also holds a Bachelor's degree in Commerce.
S&P Global Market Intelligence
Vika Tambaeva
S&P Global Market Intelligence
AMER Region Dividend Forecasting Research Lead
Vika Tambaeva is the Dividend Research Analyst in AMER, Equity Data & Analytics at S&P Global Market Intelligence
Vika Tambaeva is the Dividend Research Analyst in AMER, Equity Data & Analytics at S&P Global Market Intelligence
Vika is responsible for dividend forecasting analysis in the American region with a focus on the United States and Canada. She leads the U.S. research initiatives at the S&P Global Research Team. Her primary coverage is the North American Energy Sector.
Vika holds an MBA degree from the Zicklin School of Business at Baruch College of New York, NY.
Moderator
Amira Abdulkadir
US Head of Dividend Forecasting
Amira leads dividend research for the global dividend forecasting team and heads business development in the Americas at S&P Global Market Intelligence.
Amira leads dividend research for the global dividend forecasting team and heads business development in the Americas at S&P Global Market Intelligence. Amira has almost a decade of financial services experience, primarily focused on dividend forecasting. Amira's research has been quoted in top tier publications and regularly partners with clients and industry leaders in investigating pressing questions of the day. The Dividend Forecasting product helps financial institutions price derivatives and better understand how companies are performing. The product delivers precise forecasts of the size and timing of dividend payments based on equity research, market announcements and unique quantitative insight. Amira holds a Bachelor of Arts in Economics and International Relations from Hobart and William Smith Colleges, New York.
Event Support