Fourth Quarter 2013 Dividend Rate Increases $12.7 Billion Dividend Rate Increases $56.7 Billion in 2013

NEW YORK, Jan. 6, 2014 /PRNewswire/ -- S&P Dow Jones Indices announced today that dividend net increases (increases less decreases) rose $12.7 billion during the fourth quarter of 2013 for U.S. domestic common stock, compared to an $8.4 billion increase in the fourth quarter of 2012. 885 dividend increases were reported during the quarter, significantly lower than the tax incentivized 1,266 companies which raised dividends in 2012, but up 36.4% from the 649 companies which raised dividends in 2011. For the year, 2,895 issues increased their dividend rate, slightly up from the 2,887 which did so in 2012, but up over 48.2% from the 1,953 increases of 2011.

Of the approximately 10,000 U.S. traded issues, 51 companies decreased dividends (defined as either a decrease or suspension) in Q4 2013 compared to 154 in Q4 2012 and 27 in Q4 2011. For the year, 299 issues decreased their rate compared to 275 in 2012 and 101 in 2011.

"Dividends had a great year, with the actual cash payment increasing over 10% to set a new record," says Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices. "Even the fourth quarter payments increased 6% year-over-year which speaks to the growth given how many companies paid their Q1 2013 dividend in Q4 2012. Payout rates, which historically average 52%, continue to remain near their low at 36%. At this point, we expect Q1 to be a very busy positive period for dividends, with 2014 setting another record for payments."

The percentage of non-S&P 500 domestic common issues (ASE, NYSE, NASD) paying a dividend increased to 47.7% in the fourth quarter from 47.4% in Q3, 47.3% in Q2 2013, 46.1% in Q1 2013, and 44.9% in Q4 2012.

418 companies (83.6%) in the large-cap S&P 500 pay a dividend. All 30 members of the Dow Jones Industrial Average pay a dividend.

Silverblatt determined that the weighted dividend yield declined to 2.44% from 2.60% in Q3 and 2.80% at the end of 2012. Silverblatt attributes this decline to the strong market price increase. "Dividends continue to be one of the few income generating alternatives available to investors. Interest rates have risen significantly this year, but are still historically low with alternative income producing instruments also low."

Looking ahead, Silverblatt notes the low payout ratio, record earnings and cash levels should permit companies to continue to grow dividends. "Just as important as the ability to pay is the resurrection of a friendlier atmosphere for total shareholder return. S&P Dow Jones Indices believes that this should translate into another strong, record setting dividend year for 2014 and a strong increase in share buybacks."

To download the S&P Indices Dividend Report, please visit www.spdji.com/indices/equity/sp-500 and click on "S&P 500 Monthly Dividend Report" from the "Additional Info" drop down box.

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

Data for all common stocks (ASE, NYSE, NASD)

YEAR

POSITIVE

NEGATIVE

DIVIDEND


DIVIDEND

DIVIDEND

BREADTH


ACTIONS

ACTIONS






Q4 2013

885

51

17.35

Q4 2012

1266

154

8.22

Q4 2011

649

27

24.04

Q4 2010

696

28

24.86

Q4 2009

484

74

6.54

Q4 2008

475

288

1.65

Q4 2007

792

52

15.23

Q4 2006

831

31

26.81

Q4 2005

821

26

31.58

Q4 2004

754

10

75.40





2013

2,895

299

9.68

2012

2,887

275

10.50

2011

1,953

101

19.34

2010

1,729

145

11.92

2009

1,191

804

1.48

2008

1,874

606

3.09

2007

2,513

110

22.85

2006

2,617

87

30.08

2005

2,518

84

29.98

2004

2,298

62

37.06

2003

2,162

104

20.79

2002

1,756

135

13.01

2001

1,668

205

8.14

2000

1,886

137

13.77

1999

2,125

144

14.76

  Source: S&P Dow Jones Indices


U.S. DOMESTIC COMMON MARKET (ASE, NYSE, NGM, NNM, NSC)

$ CHANGE-MIL

INCREASES

INITIALS

DECREASES

SUSPENSIONS

Q4 2009

$3,132

$1,243

-$936

-$137

Q4 2010

$7,992

$908

-$786

-$71

Q4 2011

$9,284

$1,664

-$373

-$9

Q4 2012

$10,639

$2,554

-$4,555

-$242

Q4 2013

$13,003

$1,129

-$1,185

-$221







ACTIONS**

CHANGE

POSITIVE

NEGATIVE

Q4 2009

$5,447

$3,301

$4,374

-$1,073

Q4 2010

$9,758

$8,043

$8,900

-$857

Q4 2011

$11,330

$10,566

$10,948

-$382

Q4 2012

$17,990

$8,396

$13,193

-$4,797

Q4 2013

$15,538

$12,726

$14,132

-$1,406

  **Absolute changes









U.S. DOMESTIC COMMON MARKET (ASE, NYSE, NGM, NNM, NSC)

$ CHANGE-MIL

INCREASES

INITIALS

DECREASES

SUSPENSIONS

2009

$12,075

$3,566

-$53,904

-$4,104

2010

$25,950

$3,426

-$2,538

-$298

2011

$43,965

$9,696

-$2,516

-$922

2012

$50,368

$20,121

-$5,087

-$2,848

2013

$54,561

$9,909

-$6,377

-$1,352







ACTIONS**

CHANGE

POSITIVE

NEGATIVE

2009

$73,835

-$42,367

$15,641

-$58,008

2010

$32,211

$26,540

$29,376

-$2,835

2011

$57,099

$50,223

$53,661

-$3,438

2012

$78,425

$62,554

$70,489

-$7,936

2013

$72,200

$56,740

$64,470

-$7,730

  **Absolute changes




About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

SOURCE S&P Dow Jones Indices



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