Financial Stock Dividend Update
Posted on Thursday, June 19th, 2008 | In Current Market News, Stocks to WatchThere has been a lot of concern about the security of financial stocks’ dividends lately. And I can see why …
According to the latest data from S&P, 16 companies have cut their dividends so far this year vs. 12 for the FIVE-YEAR period from 2003 through 2007. Even more telling is that fact that five of the 12 cuts over that period came in the fouth-quarter of 2007, as the credit crunch started happening.
Am I concerned about more cuts in the future? Of course. And there’s never any way to know with certainty that even the companies that are able to continue paying will choose to do so.
Still, based on comments from executives and balance sheet strength, I continue to believe that the very strongest companies in the space have the desire and means to maintain their payments.
Last 5 posts by Nilus Mattive
- GM’s Bankruptcy and Changes to the Dow! - June 2nd, 2009
- Lessons from Warren Buffett’s Latest Letter - March 10th, 2009
- A big stock rally in … 2011? - January 20th, 2009
- New Law Lets You Skip Required Minimum Distributions (RMDs) - January 5th, 2009
- A thoughts for the start of 2009 - January 5th, 2009
 About Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog)
Nilus Mattive, a financial analyst at Weiss Research, is the editor of Dividend Superstars, a monthly publication and is also the editor of the company’s daily e-letter, Money and Markets. Formerly a senior editor of Standard & Poor’s The Outlook, the oldest continuously published investment newsletter in the country, he has written for a number of investment websites, including BusinessWeek and Individual Investor. Mr. Mattive is the author of The Standard & Poor’s Guide for the New Investor (McGraw-Hill, 2004) and has appeared on the popular investment radio show, Traders Nation, to discuss his views on personal finance. Mr. Mattive graduated cum laude from the University of Scranton. |
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