Tuesday, March 24, 2009

Counting on dividends? Not so fast

Article by: Kenneth Musante
Posted by: Dan Hughes

NEW YORK (CNNMoney.com) -- Investors who count on dividend payments as a "safe" investment are getting hammered right along with share prices.

Far fewer companies are raising dividends, while the number of firms cutting is moving sharply higher.

During the past six moths, only 82 S&P 500 companies raised their dividends, compared with 143 firms in the year-earlier period, according to S&P data. Meanwhile, the number of companies cutting dividends topped 46 during the most recent six-month period, versus 17 in the prior year.

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