Man, it's been a long time since I posted! But I'm back from a long vacation up north and ready to get cracking in 2008. With that, I thought I'd give you a quick update on the dividend outlook for the coming year.
Standard & Poor's is expecting a 9.3% gain in the actual cash dividends paid by companies in the "500" vs. what was shelled out in 2007. That amounts to $30.30 for the index.
The big wildcard in that forecast is the financials, of course. If they manage to dig deep and hike dividends despite their deteriorating fundamentals, we're good to go. If not, well, it might not be such a great year for increasing payouts.
I would like to note that more than 60% of S&P 500 constituents increased their dividends in 2007, and 11 companies STARTED paying a dividend. So we do have something to celebrate as we ring in the New Year!
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