Investing
Massive Gains for Dividends in 2010, More to Come (CSCO, MCD, JPM, SBUX, UNH, MSFT, T, WY, AAPL, GE, MMM)
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Standard & Poor’s has released a very positive dividend development trend for 2010 that covers roughly 7,000 public shares that report dividend information. It is no small sum. The third quarter of 2010 saw a gain of $5.1 billion in dividend payouts, up from a gain of about $3.0 billion for the same period in 2009. As far as year-to-date in 2010, the first nine months showed a dividend hike rate of a whopping $18.5 billion. As far as fresh dividend trends, here are some key issues covered that are not time-sensitive from 24/7 Wall St.:
S&P noted in its research that only 35 cut their dividend payments in Q3-2010, down from 135 in Q3-2009. The hikes were impressive at more than 56% to 299 in Q3-2010 from the 191 in Q3-2009. Year-to-date, 117 cut dividends versus a whopping 730 who cut the dividends for the same period of 2009. As far as gains for the year to date in the first 9 months, that comes to 1033 companies versus 707 that raised dividends for the same period in 2009.
The $5.1 billion in increased payouts announced in Q3 compares to a gain of $3.0 billion a year ago. S&P noted, “On a dollar-weighted basis, the first nine months of 2010 saw a net gain in annual dividend rates of $18.5 billion compared to a $45.7 billion decline in rates during the comparable period of 2009.”
We have now seen more than 1,000 dividend hikes in 2010 and dividend cuts are down 84%. More detail and data can be found in the full S&P report.
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JON C. OGG
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