Unexpectedly Intriguing!
February 4, 2020

"Meh". If you wanted to use a single word to describe the metadata for dividends being paid in the U.S. stock market in January 2020, "meh" wouldn't be a bad choice, as the month was neither really good nor really bad, but for lack of a better word, it was "meh" all over.

On the good side, the number of companies acting to reduce their dividends fell both month-over-month and year-over-year, but on the bad side, the number of companies acting to increase their dividends did the same in January 2020, continuing a lackluster trend that began in 2019. The chart below shows the number of dividend rises and cuts announced in each month for the U.S. stock market from January 2004 through January 2020:

Number of Public U.S. Firms Increasing or Decreasing Their Dividends Each Month, January 2004 - January 2020

Let's go through the dividend metadata for January 2020:

  • A total of 2,705 U.S. firms declared dividends in January 2020, a decrease of 2,401 from the 5,106 recorded in December 2019. That figure is also an increase of 229 over the number recorded a year ago in January 2019.
  • 31 U.S. firms announced they would pay a special (or extra) dividend to their shareholders in January 2020, a decrease of 104 from the number recorded in December 2019 and 6 lower than what was recorded a year ago in January 2019.
  • 191 U.S. firms announced they would boost cash dividend payments to shareholders in January 2020, an increase of 65 over the number recorded in December 2019, and a decrease of 26 from the 217 dividend rises declared back in January 2019.
  • A total of 25 publicly traded companies cut their dividends in January 2020, a decline of 1 from the 26 recorded in December 2019 and also a decrease of 2 from the 27 recorded in January 2019.
  • 0 U.S. firms omitted paying their dividends in January 2020, a decrease of 1 from the number recorded in December 2019. That figure is also a decrease of 2 from the total of 2 firms that omitted paying dividends back in January 2019.

There's nothing really exciting here at all, but the falling numbers for dividend increases in recent months suggests a stock market that's running out of steam. "Meh" may be the best case scenario for this point in 2020.

Reference

Standard and Poor. S&P Market Attributes Web File. [Excel Spreadsheet]. 3 February 2020.

Labels:

About Political Calculations

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.com

Thanks in advance!

Recent Posts

Stock Charts and News

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

JavaScript

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.

Other Cool Resources

Blog Roll

Market Links

Useful Election Data
Charities We Support
Shopping Guides
Recommended Reading
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.