 Good day, fellow investors! I don't know if you remember, but in the video where we discussed the stock charts, stock market charts that you have never seen, we also discussed research from Professor Macquarie from the Santa Clara University that has shown that from 1929 till 2009, if you would have invested $10,000 and reinvested the dividends and everything in 1929, in 2009 you would have $9 million. However, if you omit dividends and you omit inflation, the $10,000 would be just $33,000. So 99.7% of stock market returns from 1929 till 2009 were from dividends and inflation, so that is something very important to think about when investing in the long term. And in this video we will discuss the current dividend environment. I'm sure there are a lot of you who love dividends. I'm also thinking about dividends and how that impacts, but also I always look at dividends as a margin of safety and as something that pays me while I wait for some other catalyst. As I do a lot of research, I like to have all the combinations there. So let's go discuss the sector dividends, check them globally and check the top 10 dividend payers in the world. First, what's very important is that the current S&P 500 dividend is at historical lows. It is incredibly how much higher the dividend was in the past. And that's why it's logical that the returns coming from investing in stocks were mostly thanks to dividends in the past. Now the situation is much, much different. 1.81% is the current yield. However, the historical average is 4.37%. And that's a huge difference for dividend investors. Now let's see what the Janus Henderson report for dividends tells us. If you look at dividend index by the regions, you can see how the Asia-Pacific, the red line is really doing good. And the North American line is also doing great, followed by Japan. The areas that didn't do so good with growth are especially emerging markets that were leading the pack up till 2014, but then crashed. We have seen emerging markets, of course, they're impacted by lower commodity prices. But we also know that commodity prices are cyclical. So if there is a reversal, if you're looking for dividend growth, I would really look into emerging markets for dividend growth. Europe has a lot of problems, as I keep saying. And that's why you also see that even with all the Europe printing there is going on, the dividends aren't really growing. And Europe is the worst performers over the last seven years. Now, what's very, very interesting is that if you look at Asia-Pacific, excluding Japan, and the emerging market dividends, that is 41% of global dividends. If you look at North America, that's 41% of global dividends. So emerging markets in Asia-Pacific, 41% of dividends. North America, 41% of dividends. The North American market has, I don't know, 50, 60, 70% of the global market capitalization, adding Europe that really dwarfs everything else. So emerging markets have much, much better valuations, much, much higher dividend yields. So if you're looking for dividends, I would really switch my 1.8% SAP 500 dividend with something better, stabbler, higher dividend in emerging markets, because the valuations are extremely different. Look at the sectors, the tech sector. I hope I pronounced it well today. The tech sector beats everybody. Then it's followed by consumer discretionary and financials. Bad performance, again, basic materials, which is now reverting. Utilities didn't see much growth, no inflation, they cannot increase prices. So low dividend growth for them. If there is inflation, they might do better in the future. Oil gas, still very low. Telecommunications, very, very bad. Of course, no growth there. So it's very interesting also to go and see what sectors. I think basic materials, commodities will revert to the mean, because those are cyclical and can still be bought on the cheap, especially if dividends start growing. If prices start growing, you will see good stock performances coming there, as investors prefer to buy later when the dividend is higher than earlier when the stock price is cheap. Now let's look at the top 10 dividend payers. We have China Mobile Limited, China Construction Bank Corporation, Taiwan Semiconductor in Commonwealth Bank of Australia, Royal Dutch Shell, Westpac Australian Bank again, Exxon, Apple and Gasprom Vodafone. The yields, China Mobile 4%, China Construction Bank 4.71, Taiwan Semiconductor in Manufacturing 2.44, Bank of Australia 7.5%, Royal Dutch Shell 5.5%, 5.9%, Westpac Banking, Exxon 3.5, Apple just 1.4, Gasprom 6%, Vodafone 3.46. So these are all big companies, great global companies. However, the dividends are very very different. So depending on what you're looking for, what are the risks, I would really look into dividend yielders that pay higher dividends because I think there can be the similar growth, similar stability, similar risks and higher dividends if you just look around the world what's there. We'll continue discussing dividend stocks, so please subscribe to the channel, click like for channel support and there will be plenty more interesting investments where to invest in. So the message, take advantage of the cyclicality, take advantage of what's going on related to the cyclicality in the commodity environment, in emerging markets and take advantage of the extremely high valuations in developed markets. The dividend yields will save your ass in the long term. Thank you for watching, looking forward to your comments and I'll see you in the next video.