Tags: S&P | Companies | Cut | Dividends

S&P: Fewer Companies Cut Dividends in First Quarter

Tuesday, 06 Apr 2010 10:05 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Standard & Poor's said that the number of companies that cut dividend payments in the first quarter fell dramatically from the same period last year.

Of the 7,000 companies tracked by S&P, 48 lowered their dividend payments for the first quarter. That compares to 367 companies that cut dividends in the first quarter of 2009 — an all-time high.

Despite the improvement, S&P said the broader dividend market won't return to the levels of 2007 and early 2008 until at least 2013.

Howard Silverblatt, senior analyst at S&P, said the recovery will be "slow and contingent upon continued economic progress and stabilization in the jobs market."

In the first quarter of 2010, 399 companies raised their dividends, up from the 283 companies that did so for the same period last year.

By comparison, in the first quarter of 2007, 740 companies increased their dividends while only 19 companies cut them.

S&P also found that the net change in the indicated dividend rate was $6.4 billion, compared to the $43.8 billion in reductions for the first quarter of 2009.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

FBI Looking into Report of Kidnapped Border Patrol Agent in Texas

Friday, 26 Dec 2014 18:30 PM

The U.S. Federal Bureau of Investigation is looking into a claim made in a call to a Texas border town police department . . .

Astrophysicist Neil deGrasse Tyson Christmas Tweets Anger Christians

Friday, 26 Dec 2014 15:57 PM

Renowned astrophysicist Neil deGrasse Tyson angered Christians on Christmas Day with a series of tweets poking fun of Ch . . .

AP-Times Square Poll: Americans Feeling Optimistic for 2015

Friday, 26 Dec 2014 16:46 PM

Americans are closing out 2014 on an optimistic note, according to a new Associated Press-Times Square Alliance poll. Ne . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved