In a report recently released by Standard & Poor's, they note more companies increased their dividend payments in the third quarter versus the same quarter last year. The number of positive actions (439) equals the number in Q3 2007. The report notes:
"...dividend net increases (increases less decreases) were $8.8 billion in the third quarter of 2012, setting what is believed to be a new record dividend quarterly payout in aggregate dollars for U.S. domestic listed common stock issues..."
As we will discuss in our soon to be released third quarter investor letter, investors have been searching for yield, especially retired investors, and have sought out dividend paying stocks. If Congress allows the budget to go over the so called fiscal cliff, retired investors will be harmed significantly due to the tax increase on dividends.The Sober Look website notes beginning in 2013, the U.S. will have the highest top dividend tax rate in the world if the tax increases subject to the fiscal cliff go into effect.
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI