Published Thu, 07 Nov 2019 04:01:37 -0500 on Seeking Alpha
October 2019 presents a mixed picture for the relative health of dividend-paying companies in the U.S. stock market. The good news is that the number of dividend cuts, a measure of the relative level of distress in the U.S. economy, dropped below the level that suggests the U.S. economy is experiencing recessionary conditions. The bad news is that the number of dividend increases recorded during the month was at its lowest level for any October since 2011, where this measure indicates that growth in the U.S. economy is slowing down.
The following chart shows the number of U.S. firms either increasing (blue) or decreasing (red) their dividends in each month since January 2004.
Before we review the metadata for October 2019's dividend payers, we need to catch up with Standard & Poor's revisions to its dividend statistics for the previous month. Here is how the numbers for September 2019 changed from what S&P previously reported in early October 2019.
Dividend declarations for September 2019 was revised up from 3,686 to 4,020. Extra (or special) dividend payments were revised upward from 21 to 24. Dividend rises changed from 50 to 67 for the month. Resumptions were revised upward from 7 to 8. The number of dividend cuts remained unchanged at 27. Omitted dividends were revised up from 7 to 8 for September 2019. With all the figures either increasing or unchanged, we suspect that S&P's automated systems simply missed a portion of September 2019's dividend... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|CORNERSTONE TOTAL RETURN FUND||11.38||0.0||0.00||2.48||22.00|
|LIBERTY ALL STAR EQUITY FUND||6.38||0.0||0.00||0.65||10.30|
|PROSHARES ULTRAPRO SHORT S&P 500||25.26||0.0||0.00||0.00||2.32|
|SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST||272.32||0.0||0.00||5.67||2.10|
|PROSHARES ULTRASHORT S&P 500||28.97||0.0||0.00||0.00||1.97|
|SPDR S&P 500 ETF||301.29||0.0||0.00||5.42||1.82|
|POWERSHARES QQQ TRUST SERIES 1||193.23||0.0||0.00||1.49||0.78|
Older articles featuring Cornerstone Total Return Fund (CRF):Stocks Yielding More Than Bonds Again
A Steeper Yield Curve Should Benefit Financial Stocks
Dividend Yields Around The World
Yield Curve Disinversion
Bond Market History: When The Yield Curve Un-Inverts
Why Does A Yield Curve Inversion Suggest A Recession?
This May Not Be Your Father's Inverted Yield Curve
Pay Attention To The Message The Yield Curve Is Sending
Negative-Yielding Debt: Monetary Contagion Spreads
The Dollar, High-Yield Bond Market And S&P 500 Revenue Growth