Dividends are rarely in the spotlight. They do not generate headlines, short-term euphoria or loud promises. This is precisely their strength. They do not follow hype, but a clear principle: continuous participation in the company's success.
The STOXX Global Select Dividend pools companies that have been paying stable dividends for years. Not as an end in itself, but as an expression of solid business models, resilient cash flows and disciplined capital allocation. Dividends are not a marketing tool here, but the result of economic substance.
Looking ahead to 2026, another factor is coming to the fore: the persistently sticky inflation in the USA. Service prices, wages and structural costs are slow to react downwards. Even with a moderate economy, price pressure remains. The environment therefore remains challenging - for consumers and capital markets alike.
In such phases, real cash flows gain in importance. Not as a promise of growth, but as compensation in an environment in which purchasing power is gradually eroding and predictability is becoming scarcer. Dividends are not a protective shield here, but a stabilizing factor in an uncertain inflation regime.
How are you positioning yourselves for a scenario with higher inflation rates in the USA for longer - and what role do dividends play in this? Please let us know in the comments.
