Published Sun, 20 Jun 2010 04:49:13 -0400 on Seeking Alpha
Dividends are alive and well and getting back to normal. At least that is what the data for the first six months of the year would indicate. The following is a brief update on the dividend actions or inactions of the 500 companies in the Standard and Poors Index for calendar year 2010.
This information is based on announced dividend actions as reported by Bloomberg and is taken from Bloomberg Professional Data.
361 pay a dividend. 139 do not pay a dividend. 3 have cut or eliminated their dividends in 2010. 12 have initiated or reinstated their dividends. 97 have announced a dividend increase. The median increase for those companies hiking their dividend has been 6%. The industries with the most dividend increases have been the Consumer Cyclicals and the Industrials. Almost all major banks have kept their dividends stable. They appear to be under government orders to do so. The most surprising dividend hike was Target's (TGT) nearly 50% increase. Dividend income for the S&P 500 companies is on track to increase on a year over year basis for the first time since 2007.
Dividend taxes may be going up, but corporations show no signs of opting for share buybacks as opposed to dividend hikes. With US corporations literally rolling in cash flows, we expect more dividend hikes over the remainder of the year.... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
Older articles featuring Target (TGT):My K.I.S.S. Dividend Growth Portfolio: 1st Quarter 2019 Update
Costco Is A Sell Despite Coming Dividend Hike
Road To Financial Independence: New Dividend Record In March
March To Freedom Fund 1st Quarter Update: 12%+ Portfolio Growth And 31% Increase In Dividends
Dividend Update - March 2019
My Dividend Growth Portfolio: Q1 2019 Summary
Dollar General Is A Recession-Proof Dividend Grower
Performance Of The Top 10 Dividend Aristocrats 2019
Kohl’s Corporation: Forget the Bears, Consider This Retail Stock for Dividends
Why Target Corporation Remains a Top Contrarian Dividend Play