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In a report recently released by Standard & Poor's, they note more companies increased their dividend payments in the third quarter versus the same quarter last year. The number of positive actions (439) equals the number in Q3 2007. The report notes:

...Dividend net increases (increases less decreases) were $8.8 billion in the third quarter of 2012, setting what is believed to be a new record dividend quarterly payout in aggregate dollars for U.S. domestic listed common stock issues.

From The Blog of HORAN Capital Advisors


Data Source: Standard & Poor's

As we will discuss in our soon to be released third quarter investor letter, investors have been searching for yield, especially retired investors, and have sought out dividend paying stocks. If Congress allows the budget to go over the so called fiscal cliff, retired investors will be harmed significantly due to the tax increase on dividends.The Sober Look website notes beginning in 2013, the U.S. will have the highest top dividend tax rate in the world if the tax increases subject to the fiscal cliff go into effect.

(click to enlarge)
From The Blog of HORAN Capital Advisors
Source: Dividend Payments Increase In Q3: Retirees Beware?