to your HTML Add class="sortable" to any table you'd like to make sortable Click on the headers to sort Thanks to many, many people for contributions and suggestions. Licenced as X11: http://www.kryogenix.org/code/browser/licence.html This basically means: do what you want with it. */ var stIsIE = /*@cc_on!@*/false; sorttable = { init: function() { // quit if this function has already been called if (arguments.callee.done) return; // flag this function so we don't do the same thing twice arguments.callee.done = true; // kill the timer if (_timer) clearInterval(_timer); if (!document.createElement || !document.getElementsByTagName) return; sorttable.DATE_RE = /^(\d\d?)[\/\.-](\d\d?)[\/\.-]((\d\d)?\d\d)$/; forEach(document.getElementsByTagName('table'), function(table) { if (table.className.search(/\bsortable\b/) != -1) { sorttable.makeSortable(table); } }); }, makeSortable: function(table) { if (table.getElementsByTagName('thead').length == 0) { // table doesn't have a tHead. Since it should have, create one and // put the first table row in it. the = document.createElement('thead'); the.appendChild(table.rows[0]); table.insertBefore(the,table.firstChild); } // Safari doesn't support table.tHead, sigh if (table.tHead == null) table.tHead = table.getElementsByTagName('thead')[0]; if (table.tHead.rows.length != 1) return; // can't cope with two header rows // Sorttable v1 put rows with a class of "sortbottom" at the bottom (as // "total" rows, for example). This is B&R, since what you're supposed // to do is put them in a tfoot. So, if there are sortbottom rows, // for backwards compatibility, move them to tfoot (creating it if needed). sortbottomrows = []; for (var i=0; i
Dividend paying stocks in the U.S. stock market closed December 2022 with a mixed showing. Starting with the good news, the number of dividend reductions fell month-over-month. But the number of dividend increases also fell from November 2022's level, which darkens the picture. The following chart visualizes the number of U.S. firms either increasing or decreasing their dividends in each month from January 2004 through December 2022.
The mixed nature of the numbers are also evident in December 2022's dividend metadata. Here's the summary of those figures:
A darker picture emerges when we tally up the quarterly data for dividend changes in 2022-Q4. Dividend reductions in particular are unambiguously worse than those recorded in the preceding quarter of 2022-Q3 and in a year-over-year comparison with 2021-Q4. The next chart visually summarizes the quarterly data for dividend increases and decreases over the past five quarters.
Going back to the monthly data, we captured 16 of December 2022's 31 dividend reductions. Here's the list, which includes eight firms in the real estate sector, which has been under pressure from the Federal Reserve's 2022 campaign to hike interest rates to fight President Biden's inflation. It also includes five firms that pay variable dividends, all in the oil and gas sector, which has been under pressure since oil prices peaked in June 2022 before beginning a 35% decline. Two firms in the consumer-oriented goods or services sector and one from the technology sector round out December 2022's dividend reduction sample.
This month's sampling demonstrates, once again, why listing variable paying firms with reduced dividends along with firms that cut their dividends in tallying up the monthly numbers is both appropriate and useful. That's because all of these firms are dealing with deteriorating business conditions within their respective industries. They're not just dealing with the typical or seasonal noise that is otherwise always present in the market. Those investors who write off the dividend reductions announced by variable dividend payers as not worthy of mention because the companies haven't altered their formula for determing how much to pay out in dividends are missing the real picture.
Taking a step back to look at the bigger picture for our sampling of dividend reductions over the past quarter, we find 2022-Q4 is the most negative for dividend paying firms since the aftermath of the Coronavirus Recession. Moreover, what stands out about the dividend reductions reported during 2022-Q4 is the breadth of affected industries. Our third chart illustrates that breadth of impact using our sampling from throughout the quarter:
In the end, we find December 2022 was the best month in the worst quarter since 2020-Q2. That's not saying much in the current market environment with 2023's recession expectations running rampant.
Standard and Poor. S&P Market Attributes Web File. [Excel Spreadsheet]. Accessed 3 January 2023.
Labels: dividends
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
This site is primarily powered by:
The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.