Despite Dividend Cuts, You Can Find Nice Yields!
Posted on Thursday, July 24th, 2008 | In Market Commentary, Stocks to Watch
Contributed by: Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog) -
According to Standard & Poor’s, the second quarter saw the greatest number of dividend cuts in 18 years.
The firm also reduced its expected 2008 dividend payment on the S&P 500 index from $30.80 to $28.85. Last year, the number was $27.73. So while it’s still forward motion, it’s the lowest increase since 2002.
While that’s grim news, as I’ve been pointing out here, not all firms are cutting … in fact, some are RAISING their payments.
Heck, seven stocks in the Dividend Superstars portfolio made payments in July. And not one holding has reduced its dividend. So there are plenty of places to find solid, reliable yields … you just have to do a little legwork.
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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