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Share Name | Share Symbol | Market | Type |
---|---|---|---|
S&P Global Inc | NYSE:SPGI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
8.22 | 1.97% | 425.18 | 425.37 | 420.52 | 421.96 | 1,917,840 | 01:00:00 |
NEW YORK, Oct. 4, 2019 /PRNewswire/ -- S&P Dow Jones Indices today announced that indicated dividend net increases (increases less decreases) for U.S. domestic common stocks were $14.6 billion during Q3 2019, down from Q3 2018's $19.2 billion increase.
For Q3 2019, aggregate increases amounted to $15.8 billion, down from Q3 2018's $20.1 billion. Aggregate dividend cuts increased to $1.13 billion from $0.85 billion for Q3 2018.
For the 12-month period ending in September 2019, net dividends rose $42.2 billion, compared to a gain of $55.5 billion for the prior 12-month period, as increases were $56.5 billion versus $67.1 billion, and decreases were $14.3 billion compared to $11.6 billion for the prior period.
"U.S. dividends continued upward in Q3 2019, but the rate of growth declined considerably from a year ago, when companies rushed to pass along some of their tax savings that took effect that year," said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices. "In the S&P 500, 2019 dividend payments are on track for an 8% gain over 2018 based on their current payout policies, added Silverblatt (2018 was up 9.84% and 2017 was up 6.96%) . "Q4 policies and declarations point to another per-share record quarter setting the stage for an eighth consecutive record year."
Record amounts of dividends and buybacks have been paid since the tax law change, with buybacks remaining the favorite and increasing the most. In 2019, companies retreated and buybacks have significantly declined, returning to pre-2018 levels. The pace of dividend payments, however, with their lower growth rate, has been stable. In Q3 2019, the average S&P 500 dividend increase grew at 10%, but trailed the tax-inspired 17% Q3 2018 growth, when companies were significantly increasing their payments.
On a per share basis, S&P 500 Q3 2019 dividend payments for the S&P 500 increased 8.4% to $14.80, from the Q3 2018's $13.66, and set a new record. On an aggregate basis, index components paid $123.1 billion in dividends this quarter, up from $115.7 billion for Q3 2018, also setting a new record.
Additional findings from S&P Dow Jones Indices' quarterly analysis of the dividend activity of U.S. traded issues include:
Dividend Increases (defined as an increase in dividend payments):
Dividend Decreases (defined as either a decrease or suspension in dividend payments):
Non-S&P 500 domestic common issues:
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spdji.com.
View original content:http://www.prnewswire.com/news-releases/sp-dow-jones-indices-reports-14-6-billion-increase-in-us-dividend-payments-for-q3-2019--300931065.html
SOURCE S&P Dow Jones Indices
Copyright 2019 PR Newswire
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