1022 GMT - Swiss companies are expected to have distributed a record level of dividends in 2024 as share buybacks declined, Vontobel analysts say in a research note. Total dividends by companies in the Swiss Performance Index are estimated to have exceeded 60 billion Swiss francs last year, a 1.2% increase from 2023, according to Vontobel. Contract drug manufacturer Siegfried and real-estate company PSP Swiss Property are set to join Vontobel's list of "dividend aristocrats" that have increased payouts for at least 10 consecutive years, the analysts say. Roche, Nestle and Novartis currently top the list, having boosted their dividends for the past 37, 29 and 27 years, respectively. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 05:22 ET (10:22 GMT)
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