Dividends By The Numbers In June 2020 And 2020-Q2

Jul. 03, 2020 12:00 PM ETFLXS, BKE, DALN, OXSQ, HP, UBA, NLY, CIM, DX, PLCE, MRCC, RWT, PLYM, IRT, PVL, RC, ARI, CXW, TRTX, IVR, CNDCF, CHMI, SGA, KRG, VTR, CRT, OFS, AMNF, PBT, HST, MTR, HCKT, SPG, UBP22 Comments
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Ironman at Political Calculations
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Summary

  • A total of 4,017 U.S. firms declared dividends in June 2020, an increase of 899 over the 3,118 recorded in May 2020.
  • A total of 71 publicly traded companies cut their dividends in June 2020, a decline of 43 from the 114 recorded in May 2020, but an increase of 57 over the 14 recorded in June 2019.
  • 27 U.S. firms omitted paying their dividends in June 2020, a decrease of 125 from the number recorded in May 2020.

The coronavirus recession is having a devastating impact on many dividend-paying firms in the U.S. stock market, producing what may be the worst quarter for dividend-focused investors in the modern era of stock market history.

That's enough sugar coating. Let's recap the U.S. stock market's dividend metadata for June 2020:

  • A total of 4,017 U.S. firms declared dividends in June 2020, an increase of 899 over the 3,118 recorded in May 2020. That figure is also an increase of 56 over the number recorded a year ago in June 2019.
  • 13 U.S. firms announced they would pay a special (or extra) dividend to their shareholders in June 2020, a decrease of 9 from the number recorded in May 2020 and 16 lower than what was recorded a year earlier in June 2019.
  • 74 U.S. firms announced they would boost cash dividend payments to shareholders in June 2020, an increase of 9 over the number recorded in May 2020, and an increase of 4 over the total recorded in June 2019.
  • A total of 71 publicly traded companies cut their dividends in June 2020, a decline of 43 from the 114 recorded in May 2020, but an increase of 57 over the 14 recorded in June 2019.
  • 27 U.S. firms omitted paying their dividends in June 2020, a decrease of 125 from the number recorded in May 2020. That figure represents an increase of 26 over the total recorded in June 2019.

Let's next see how June 2020's dividend counts for number of increases and decreases compares to the previous months for which we have data, which extends back to January 2004, where for the first time in the last three months, the number of dividend rises is greater than the number of dividend reductions.

Following up an observation from

This article was written by

Ironman at Political Calculations profile picture
Ironman at Political Calculations
2.42K Followers
Ironman is the alias of the blogger at Political Calculations, a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics. We should acknowledge that Ironman is either formerly or currently, and quite possibly, simultaneously employed as some kind of engineer, researcher, analyst, rocket scientist, editor and perhaps as a teacher of some kind or another. The scary thing is that's not even close to being a full list of Ironman's professions and we should potentially acknowledge that Ironman may or may not be one person. We'll leave it to our readers to sort out which Ironman might behind any of the posts that do appear here or comments that appear elsewhere on the web!

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