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
September 2020 continued the positive trend established in the two preceding months of July and August for dividend paying firms in the U.S. stock market.
Here is the dividend metadata for the month of September 2020:
The following chart adds September 2020's number of dividend increases and decreases to the ongoing series of data reported by Standard and Poor since January 2004. Please click here to access a large version of the chart.
Three solid months make for a solid quarter for the U.S. stock market's dividend payers. We put together the following quick sums to compare the dividend metadata for the good quarter of 2020-Q3 with the worst-ever quarter that immediately preceded it for comparison:
With a quarter-over-quarter improvements like these, it was no wonder that the pace of dividend cuts during 2020-Q3 fell well below the threshold signifying some degree of contraction in the U.S. economy. That's not to say that recessionary conditions were not present, but rather that the U.S. economy likely expanded during the third quarter of 2020. That relative health may be seen in our chart showing the cumulative number of dividend cuts by day of quarter for 2020-Q3, which we've compared with the third quarters of 2017, 2018, and 2019.
2020-Q3 saw more dividend cuts than each of the other historical quarters shown in the chart, but mainly in the first half. After the first half, the pace of dividend cuts slowed considerably, which corresponds with the U.S. economy gaining traction during the second half of the quarter.
Meanwhile, with S&P reporting just 12 dividend cuts in September 2020, our sample of dividend cutting firms is fairly skimpy with half that number turning up in our near real-time sources for dividend declarations. Here is that very, very short list:
There's an interesting category of firms we haven't had to deal with much in the past that have begun showing up in our sampling. This category consists of firms that either suspended or omitted paying their dividends, but which have since resumed paying dividends to their shareholders, but at reduced levels compared to what they were paying previously. We'll take a closer look at the firms fitting within this definition on their own in upcoming weeks.
Standard and Poor. S&P Market Attributes Web File. [Excel Spreadsheet]. 30 September 2020.
Seeking Alpha Market Currents. Filtered for Dividends. [Online Database].
Wall Street Journal. Dividend Declarations. [Online Database when searched on the Internet Archive].
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.com
Thanks in advance!
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.
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.