Third Quarter 2013 Dividend Rate Increases $11.9 Billion Continued High Growth As More Companies Pay More Dividends

NEW YORK, Oct. 3, 2013 /PRNewswire/ -- S&P Dow Jones Indices announced today that dividend net increases (increases less decreases) rose $11.9 billion during the third quarter of 2013 for U.S. domestic common stock, compared to an $8.8 billion increase in the third quarter of 2012.  475 dividend increases were reported during the quarter, equating to an 8.2% gain over the 439 dividend increases reported during third quarter of 2012.

Of the approximately 10,000 U.S. traded issues, 44 companies decreased dividends in Q3 2013 compared to 53 in Q3 2012. For the year-to-date nine month period, there were 2,010 positive dividend events and 287 negative events (defined as either a decrease or suspension) compared to 1,621 positive events and 121 negative events during the 9 month period ending September 2012.

"Dividends continued to increase in the third quarter with actual cash payments increasing over 14% year-over-year and the forward indicated dividend setting another all-time high," says Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices. "Payout rates, which historically average 52%, continue to remain near their lows at 33%. At this point, we expect Q4 to be a busy positive period, especially for large-caps, which have been growing at a faster pace."

The percentage of non-S&P 500 domestic common issues (ASE, NYSE, NASD) paying a dividend increased slightly to 47.4% in the third quarter from 47.3% in Q2 2013 and up from 46.1% in Q1 2013 and 44.5% in Q3 2012. The paying issues in the large-cap S&P 500 reached 83.9% (419 issues), a level not seen since November 1998 (420 issues). All 30 members of the Dow Jones Industrial Average pay a dividend.

Silverblatt determined that the weighted dividend yield declined to 2.60% from 2.65% at the end of Q2 and the 2.66% yield at the end of Q3 2012, which Silverblatt attributed partially to the Q3 increase in prices. "Dividends continue to be one of the few income generating alternatives to investors.  Interest rates, while up, remain artificially low as the timing of the start of tapering continues to be discussed," says Silverblatt.

Looking ahead, Silverblatt notes the low payout ratio and current record high level of earnings and available cash. "Fourth quarter comparisons will be difficult as last year saw many accelerated payments due to an expected tax law change," adds Silverblatt. "Still, dividend rates are higher which gives us a good shot to beat last year's increases. Either way, the actual cash payments for 2013 are set to post a double-digit gain over 2012, setting a new record, with 2014 already on track to set another record."

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.       


POSITIVE 

NEGATIVE 

DIVIDEND


DIVIDEND

DIVIDEND

BREADTH

YEAR

ACTIONS

ACTIONS






Q3 2013

475

44

10.80

Q3 2012

439

53

8.28

Q3 2011

350

23

15.22

Q3 2010

299

35

8.54

Q3 2009

191

113

1.69

Q3 2008

346

138

2.51

Q3 2007

439

21

20.90


















POSITIVE 

NEGATIVE 

DIVIDEND


DIVIDEND

DIVIDEND

BREADTH

YEAR

ACTIONS

ACTIONS


9 Mo Sep,'13

2,010

287

7.00

9 Mo Sep,'12

1,621

121

13.40

9 Mo Sep,'11

1,304

74

17.62

9 Mo Sep,'10

1,033

117

8.83

9 Mo Sep,'09

707

730

0.97

9 Mo Sep,'08

1,399

318

4.40

9 Mo Sep,'07

1,721

58

29.67









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

Q3 2009

$3,687

$719

-$1,040

-$401

Q3 2010

$6,065

$0

-$951

$0

Q3 2011

$7,064

$3,227

-$669

-$9

Q3 2012

$7,976

$2,097

-$1,299

-$12

Q3 2013

$9,506

$4,245

-$1,290

-$562







ACTIONS**

CHANGE

POSITIVE 

NEGATIVE 

Q3 2009

$5,847

$2,966

$4,407

-$1,441

Q3 2010

$7,017

$5,114

$6,065

-$951

Q3 2011

$10,969

$9,613

$10,291

-$678

Q3 2012

$11,383

$8,762

$10,073

-$1,310

Q3 2013

$15,602

$11,899

$13,751

-$1,852

  **Absolute changes









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

$ CHANGE-MIL

INCREASES

INITIALS

DECREASES

SUSPENSIONS

9 MO SEP,'09

$8,943

$2,324

-$52,969

-$3,966

9 MO SEP,'10

$17,958

$2,517

-$1,751

-$227

9 MO SEP,'11

$34,681

$8,032

-$2,143

-$912

9 MO SEP,'12

$32,752

$16,084

-$3,193

-$666

9 MO SEP,'13

$46,870

$23,237

-$5,192

-$3,189







ACTIONS**

CHANGE

POSITIVE 

NEGATIVE 

9 MO SEP,'09

$68,202

-$45,668

$11,267

-$56,935

9 MO SEP,'10

$22,454

$18,497

$20,476

-$1,978

9 MO SEP,'11

$45,769

$39,658

$42,713

-$3,056

9 MO SEP,'12

$52,694

$44,977

$48,836

-$3,859

9 MO SEP,'13

$56,662

$44,014

$50,338

-$6,324

  **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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