This chapter reviews recent trends in dividends and dividend payers. The chapter focuses on the phenomenon of disappearing dividends, which appeared in the U.S. during the end of the 21st century as first observed by Fama and French (2001). Researchers have advanced several possible explanations for the decrease in the propensity to pay dividends. To date, there is no universally accepted explanation. While one strand of the literature questions the existence of this phenomenon, another strand argues that the phenomenon has only been temporary as the propensity to pay dividends has been on the increase since the new millennium. Finally, although studies on countries other than the U.S. have observed a similar decline in the propensity to pay dividends, the magnitude of the phenomenon is much less pronounced and much more recent.