This page looks at supply and demand dynamics within equities, alongside dividend expectations. The left-hand chart shows net equity issuance, which is equivalent to equity issuance minus buybacks, across different regions. The right-hand chart looks at dividend revision ratios, which show the amount of analyst upgrades to dividend estimates relative to the total number of changes (up or down) to dividend estimates. A higher value represents a larger proportion of analyst revisions that increase dividend expectations relative to decreases.