Rising Dividends An Opportunity

In the United States, Monsanto Co., Leggett & Platt Inc. and Dover Corp., among many others, also hiked their dividends. This was the same week the U.S. government had its triple-A credit rating slashed, triggering a market bloodbath reminiscent of the 2008 financial crisis. What are investors to make of these seemingly contradictory events?

Two things: First, there are some serious problems in the global financial system that could put a dent in global growth and play havoc with stock prices. Second, the world is not coming to an end, a fact that was underlined by the market’s powerful rebound yesterday. As the recent spate of dividend hikes demonstrates, corporations are still making money and sharing the wealth with investors, a trend that will continue.

Source: Globe and Mail

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