GO
Loading...

20% of S&P 500 Firms Increased Dividends

Wednesday, 28 Apr 2010 | 6:37 PM ET

Dividend increases keep coming. ExxonMobil the latest, this time increasing their annual dividend to $1.76 from $1.68.

According to Standard & Poor's, 98 companies in the S&P 500 (20 percent!) have increased with 2 decreasing.

Those increases mean that total dividends have increased by $8.0 billion this year; last year, $40 billion was REMOVED, mostly from financials cutting their dividend to $0.00 or $0.01.

This month alone, IBM, Johnson & Johnson, Proctor & Gamble, and Exxon have added $1.93 billion in dividends.

And more is coming: General Electric Chief Executive Jeff Immelt (my boss — GE is the parent of CNBC) said that dividend increases were coming from them as well, by 2011 "at least."

_____________________________
Bookmark CNBC Data Pages:

_____________________________

_____________________________

Questions? Comments? tradertalk@cnbc.com

  Price   Change %Change
GE
---
IBM
---
JNJ
---
PG
---
XOM
---

Featured

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

Wall Street