This article was written by Laura Dew for Money Management. You can read the original article here.

Plato Investment Management has upgraded its gross yield forecast for the ASX 200 from 4.2% at the start of the year to 5.2%.

This was in light of dividends declared so far this year, some $38 billion, which was $17 billion more than in 2020 and $10 billion more than in 2019.

As a result, the firm’s Australian Shares fund was now targeting a gross yield of more than 8% over the next 12 months.

Don Hamson, managing director of Plato, said: “Things are looking pretty good which is why we’ve been quite bullish on dividends this year. One of the reasons why the numbers are so big and dividends are going up so much is that for the first year in living memory we’ve had a positive outlook for all the big dividend stocks in the market.

“So, we are having a record year for dividends across the board and indeed compared to last year, August reporting season has seen average dividend increases of 66%. It’s a huge turnaround suggesting the economy is going really well and we’ve just seen a positive quarter in the national accounts for the June quarter.”


Subscribe to keep up to date with the latest fund
information and insights.

“A good decision is based on knowledge and not on numbers.”

Plato (427-347 BC)


Plato Investment Management Limited AFSL 504616 ABN 77 120 730 136 (‘Plato’).

Whilst Plato believes the information contained in this communication is based on reliable information, no warranty is given as to its accuracy and persons relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Plato disclaim all liability to any person relying on the information contained on this website in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information.

Pinnacle Fund Services Limited ABN 29 082 494 362 AFSL 238371 is the product issuer of funds managed by Plato. Any potential investor should consider the relevant Product Disclosure Statement available at in deciding whether to acquire, or continue to hold units in a fund. The issuer is not licensed to provide financial product advice. Please consult your financial adviser before making a decision. Past performance is not a reliable indicator of future performance.

Disclosure contained on this website is for general information only. Any opinions or forecasts reflect the judgment and assumptions of Plato on the basis of information at the date of publication and may later change without notice. Any projections are estimates only and may not be realised in the future. Information on this website is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained on the website is prohibited without obtaining prior written permission from Plato. Past performance is not a reliable indicator of future performance.