facebook
twitter
rss
account
search
search
 

S&P raises dividend rate on the S&P 500

Feb. 15, 2005 at 1:56 PM   |   Comments

NEW YORK, Feb. 15 (UPI) -- Standard & Poor's of New York said Tuesday it raised the indicated dividend rate on the S&P 500 from $20.35 to $21.10.

Standard & Poor's is estimating cash dividends will set another record in 2005, paying out $21.80 per share compared with $19.44 for 2004.

The 12.2 percent increase translates into a $203 billion aggregate payment, compared with a payment of $181 billion in 2004.

Within the S&P 500, 74 issues have increased their rate this year compared with 52 in 2004 and 41 in 2003.

"For 2005, Standard & Poor's sees a continuation in both dividend increases and initiations," says Howard Silverblatt, equity market analyst, Standard & Poor's. "At the end of 2002, only 351 issues in the S&P 500 paid a dividend. We now have 378 issues in the S&P 500 paying dividends, with additional constituents having significant ability to increase and initiate."

Standard & Poor's is a division of the McGraw-Hill Companies.

© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Scout attack helicopter demos firepower
2
Texas, N.D. oil push imports down
3
Australia orders Supacat special operations vehicles
4
Oil spill reported in North Dakota
5
Only 1 in 5 insurers cover volcanic ash
Trending News
Video
x
Feedback