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| Subject: in which there were more dividend-paying stocks in the Information | |
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Author: Technology sector than non-dividend-paying ones |
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Date Posted: 13:59:55 03/23/12 Fri In reply to: Q3 2011marked the first quarter in the S&P 500 's message, "Dividend Payers Claim S&P 500 Milestone 03/23/12 - 04:30 PM EDT Friday" on 13:58:40 03/23/12 Fri >Dividend Payers Claim S&P 500 Milestone >By Michael Baron 03/23/12 - 04:30 PM EDT Add >Comment >Stock quotes in this article:AAPL, JPM, C, ^GSPC, SPY > inShare0NEW YORK (TheStreet) -- Nearly 80% of the >companies in the S&P 500 paid dividends at the end of >the fourth quarter, according to FactSet Research, >which said the total of 393 companies is the highest >level since the fourth quarter of 1999. >More on AAPL >Market Activity >SPDR S&P 500 ETF| SPY JPMorgan Chase & Co| JPM >Citigroup Inc| C "While the index consistently had >greater than 400 dividend-paying companies (or more >than 80% of constituents) -- during the 1990's, the >80% milestone has not been breached since the turn of >the century," the firm said. "The recent low for the >number of trailing twelve month (TTM) dividend-payers >was 368 in January 2010. Since that time, >dividend-paying companies have grown organically >(there has been a net loss of three dividend-paying >companies from the thirty-seven constituent changes in >the S&P 500 over the two-year period)." >Of course, Apple(AAPL_) recently unveiled its plan to >join the ranks of dividend payers, announcing on >Monday that it expects to initiate a quarterly payout >of $2.65 per share "sometime in the fourth quarter of >its fiscal 2012." >Fittingly, given Apple's announcement, FactSet said >companies in the information technology sector have >embraced returning money to shareholders in the past >decade. >"Ten years ago (July 2002), just 17.9% of Information >Technology companies in the S&P 500 paid a dividend in >the trailing twelve months," the firm said. "However, >Q3 2011 marked the first quarter in the S&P 500 in >which there were more dividend-paying stocks in the >Information Technology sector than non-dividend-paying >ones. And, at the end of Q4 2011, dividend-paying >stocks in the sector held the strongest majority in >over twenty years -- 53.5% of S&P 500 Information >Technology stocks paid a dividend over the trailing >twelve months." >In further sector analysis, FactSet said >telecommunication services companies have been lagging >in increasing their payouts with only AT&T(T_) and >Verizon(VZ_) announcing boosts. >"This general reluctance of companies in the Telecom >Services sector to increase dividends could be a >product of weak earnings," the firm said. "Four of the >seven constituents in the Telecom Services sector >reported losses for Q4 2011. Overall, the sector >reported a loss of -$9.7 billion in the quarter and a >profit of only $4.8 billion over the trailing twelve >months. This trailing twelve month earnings figure is >just over a fourth of the value of trailing twelve >month earnings at the end of Q3 2011 ($17.7 billion)." [ Next Thread | Previous Thread | Next Message | Previous Message ] |