CUTTING S&P 2009 DIVIDEND RATE

Posted by: Howard Silverblatt on February 27, 2009

CHANGING 2009 S&P 500 ESTIMATED DIVIDEND PAYMENT TO $21.97; 2008 was $28.39; INDICATED RATE AT $22.90

22.6% decline worse since -36.3% in 1938; Potentially more downside from issues ‘preserving cash’
GE reduces rate from $0.31 quarterly to $0.10; $8.87B cut
QTD 34 decreases ($31.8B), which beats out the record set last quarter at $15.9B; 45 increases (adds $1.5B)
Outside the S&P 500 things are worse; the worst Feb since we started keeping records in 1955 (as was Jan)

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Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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