Net dividend increases totaled $8.8B in Q3, according to S&P, apparently a new record. Some...

|By:, SA News Editor
Net dividend increases totaled $8.8B in Q3, according to S&P, apparently a new record. Some 439 firms bumped their dividends, up 25.4% Y/Y, vs. just 53 lowering. Of more import, the payout ratio remains near its low of 34% vs. a long-term average of 52%. A strong rise in share prices reduced the average yield to 2.66% from 2.77% 3 months earlier.