S&P - A Record Low 233 Companies Increase
Dividend Payments in Q2
New York,July 1, 2009-Standard&Poor's, the world's leading index provider, announced today that arecord low 233 of the approximately 7,000 publicly owned companiesthat report dividend information to Standard&Poor's DividendRecord increased their dividend payment during the second quarterof 2009. This represents a 48.8% drop from the 455 issues thatincreased their dividend during the second quarter of 2008.
Additionally, dividend decreases wereposted by 250 issues during the second quarter of 2009, thehighest number since the second quarter of 1957, over 50 yearsago.
"It'snot a good time for dividend investors,"saysHoward Silverblatt, Senior Index Analyst at Standard&Poor's."The current trend to conserve cash and cut dividends has becomedefensive, with even relatively healthy companies choosing toreduce payouts.Until we see the economy better, and not just for onequarter, many companies will remain gun shy about parting withtheir cash."
Accordingto Silverblatt, dividend decreases have out numbered dividendincreases every year for as far back as Standard&Poor'sdividend data dates-1955."Dividend decreases are at a recordhigh for both the year-to-date and the 12-month period, with thenumber of increases also setting a new record low. Since 1955, theaverage has been 15 increases for every decrease. Now, it's fiveincreases for every six decreases."
Silverblattconcludes by noting that many issues are still increasing theirdividend rate, but that finding them is getting harder with risklevels higher than dividend investors are typically used to."Standard&Poor's Index Services believes that the next testfor dividends will come in August and September when companiesstart to review their 2010 budget and expenses.If they don't feelcomfortable about a stronger 2010, we might be in for anotherround of cuts."
Todownload Standard&Poor'sDividend Record, pleasevisit the following web address: www.marketattributes.standardandpoors.com and click on"Dividends".
Comentarios
NO HAY COMENTARIOS - Escriba el suyo...Comentar este artículo:
Normas de uso- Esta es la opinión de los usuarios, no del blog ni de Estrategias de inversión.
- Los comentarios contrarios a las leyes españolas, injuriantes o difamatorios serán eliminados, así como aquellos que consideremos que estén fuera del tema o contengan publicidad.
"Aviso al moderador". Si considera que algún comentario incumple la normativa, le agradecemos nos lo comunique por esta opción para nuestra valoración.
