Monday, May 04, 2009

Dividend Increases Becoming More Scarce

Standard & Poor's tracks monthly dividend information for more than 30,000 firms and provides dividend detail in their monthly dividend action report. For the period ending April 2009 it is evident that dividends are becoming less sacred for those companies that paid and increased dividends in the past.

The chart data below shows decreased and omitted dividends surged to 480 for the four months ending April 2009 versus 111 for the same period last year. Increases fell to 252 versus 632 for this same time period.

(click to enlarge)

Some of the major dividend actions for April:

Source: Standard & Poor's Dividend Action Report (xls)

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