Wednesday, December 19, 2012

Dividend Futures Pointing to Slow Economic Growth

The following chart comes via Political Calculations and it shows past dividends on the S&P 500 and dividend futures through 2013.

S&P 500 Quarterly  Dividends per Share, 2009-Q1 Through 2012-Q3, with Expected Future Dividends per Share Through 2013-Q4, as of 19 December 2012

First, if you are not reading Political Calculations, start. This is one of the best blogs on the markets and the economy as a whole, and one where you find information presented no where else. Concerning the data, it is strange that no other analyst or market commentator has got their arms around this fact. Flat dividends suggests that economic growth will be at the very least flat. Most commentators I have seen appear bullish on the economy and the stock market.

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