Standard & Poor's announced Friday that 138 of the approximately 7,000 publicly owned companies decreased their dividend during the third quarter of 2008, representing a 557% increase from the 21 issues that decreased their dividend during the third quarter of 2007.
Reported dividend increases fell 21.2% to 346 from 439 reported in the third quarter of 2007."It was the worst September for dividends since we started keeping dividend records in 1956," says
"Financial issues accounted for about two-thirds of the dividend cuts and 93% of the dollar damage during the third quarter," continues Silverblatt. "Also, no longer is it just blue chip companies cutting dividends. Many of the issues are now much smaller, and more regional. The problem has trickled down."Silverblatt concludes by noting that many issues are still increasing their dividend rate despite the massive number of dividend cuts. "However, given the uncertainty of the markets and the economy, these companies have to be extremely confident of their future earnings and cash flow."
You can download Standard & Poor's Dividend Record, at the following web address: www.marketattributes.standardandpoors.com and click on "Dividends".
Related Articles:
October Has The Bad Reputation, But September Has The Resume
Posted by D4L | Sunday, October 05, 2008 | commentary | 2 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
GameStop (NYSE:GME) lost about 40% of its market value over the past three years, as rising digital downloads and declining mall traffic thr...
-
In a capitalistic society, opportunities to generate (mostly) passive income are all around us. Dividend growth investing is one of the most...
-
These elite income producers have rallied this year. Their brilliance at producing passive income seems to have caught the market's eye ...
-
Investors buy dividend stocks for a few reasons. For one, they provide income via dividends that act as a bonus on top of capital appreciati...
-
Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their ...
-
If you are looking for reliable dividends, these three Dividend Kings should be right up your alley. Dividends are paid at the discretion of...
-
While optimism in the broader market remains robust – particularly for hyped-up sectors like technology – investors may still want to consid...
-
A strong dividend investing strategy may be to focus on high-quality names that score well on several dividend-related metrics. In other wor...
-
Since the market highs in July, stocks have been under considerable pressure. Indeed, 10-year Treasury yields are at the highest level since...
Hey bud,
I did a search on your site and didn't find any commentary on Glaxosmithkline or Vodafone. I don't have positions in these companies, but they popped on a recent Morningstar search of mine. At first glance, they have dividends between 4.9 and 8%+.
They are also offered in DRIP format w/ $0 fee for autoinvesment.
I believe Warren Buffett has a position in GSK.
R/ Finance Junkie
It seems like I may have pre-screed them at some point in the past. I have added them to my lost of stocks to pre-screen.
Best Wishes,
D4L