Tuesday, June 18, 2013

Dividends Still in Recessionary Territory

This is from Political Calculations....

....the number of U.S. companies acting to reduce their dividends has gone back to being a pretty solid indicator of general economic conditions in the U.S. We define "recessionary conditions" as being present whenever there are more than 10 public U.S. companies announcing reductions in their dividend payments to shareholders in a month.

Number of Public U.S. Companies Posting Dividend Increases, January 2004 through May 2013
 The rest can be read here.

If you do a quick search of this blog, you will find that I track a longer-dated data series that shows that same dynamics as in the above chart. I have not updated it publicly in a month or so now, but lets just say it is showing the same 'elevated' trend. 

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