Dividends are back in the game, but it’s going to be a long game. The Fed action allowing most banks (BAC not) to increase their dividends is a start, but it is going to be years until we see them paying out at the levels of 2007. I remain very positive on dividends, and it’s a good start, but it’s only the first inning.
See file for details Amazing progress for slow moving dividends but it’s only the first inning.doc
Indicated dividend rate up 7.0% from year-end, that’s a 7% rise in your annual pay 15.0% over last year, but still 12.9% lower than the Jun,’08 high
Expect we won’t return to 2008 high until early 2013 for the S&P 500, and later in 2013 for the rest of the U.S. domestic market
10 initiations – it’s a movement
Expect 15% actual Mar,’11 payment increase over Mar,’10, with quarter at +13%+$16.2B Q1-to-date dividend rate increase vs. +$5.1B for Q1,’10 vs. decrease of $38.7B fo
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