Foreign Securities Dividends Double in H1 This Year... Coinbase ETF Takes Top Spot

Korea Economic Daily

Summary

Dividends on foreign securities paid to domestic retail investors in the first half of this year increased by 107% compared to the same period last year.
US stocks accounted for 92.4% of the total dividends paid, and all of the top 10 dividend-paying securities were US ETF products.
The top spot was taken by an ETF based on 'Coinbase' stock, a cryptocurrency exchange, with dividends reaching $124 million.

Korea Securities Depository (KSD) announced on the 21st that dividends paid to domestic retail investors for foreign securities in the first half of this year reached $1.01 billion, up 107% from the same period last year ($486 million).

By region, US stocks paid $929 million in dividends, accounting for 92.4% of the total. According to KSD, the share of US market dividends has continued to increase, from 76.3% in 2021 to 87.2% in 2023, and 89.3% last year.

The Japanese market paid $52 million in the first half of this year, making up 5.2%, ranking second after the US, while all other markets accounted for less than 1% each.

The top 10 securities by dividend payments were all US ETF products. First place went to an ETF based on stock in 'Coinbase,' a cryptocurrency exchange, with dividends reaching $124 million.

No US company stocks made the top 10 by dividend payments, and the well-known REIT (Realty Income Corporation) ranked 11th with $17 million.

KSD stated, "We will continue our efforts to quickly process foreign securities rights and protect the rights of domestic investors in foreign securities."