S&P Dividend Payers Cautious In 2007

SLOW GROWTH…BUT GROWTH 

Standard & Poor’s, the world’s leading index provider, announced today that 621 of the approximately 7,000 publicly owned companies that report dividend information to Standard & Poor’s Dividend Record increased their dividend for the first quarter of
2007 — representing a 0.8% decline from the 626 issues raising their dividend in 2006.

Additionally, Standard & Poor’s Dividend Record shows that dividend extras had increased in January, slowed in February and then picked up again in March to close the quarter with 111 extras versus 103 in 2006.

GOOD NEWS FOR DIVIDEND INVESTORS

Overall the number of dividend payments continues to rise, posting a 5.6% year-to-date gain over 2006. Total aggregate cash payments increased substantially, with total cash payments to common issues on the ASE, NYSE and NASD increasing 16%.

“The improvement in dividends has slowed down its pace since the 2003
start, with companies remaining cautious about committing future funding
and preferring to increase their stock buyback programs instead,” says
Howard Silverblatt, Senior Index Analyst at Standard & Poor’s. “Dividend
reductions continue to be low, reflecting the more assured approach to
payments once the commitment is made.”

Leave a Reply

Your email address will not be published. Required fields are marked *