Tags: S&P | Companies | Cut | Dividends

S&P: Fewer Companies Cut Dividends in First Quarter

Tuesday, 06 Apr 2010 10:05 AM

 

Share:
  Comment  |
   Contact Us  |
  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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  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.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Northern California Wildfire Burns 100 Homes

Monday, 15 Sep 2014 22:38 PM

A fire driven by fierce winds raced through the small town of Weed, Calif., near the Oregon border on Monday, burning a  . . .

Senate Holds Hearing on DC Statehood

Monday, 15 Sep 2014 21:06 PM

In a renewed push to grant statehood to Washington, D.C., a federal hearing was held Monday for what some hope is the st . . .

James Foley's Parents 'Disappointed' Obama Next Played Golf

Monday, 15 Sep 2014 20:57 PM

James Foley's parents say they were "disappointed" when President Barack Obama hit the golf course just minutes after ma . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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