Wednesday, July 30, 2008

Dude, Where Are My Dividends? Right Here ...

According to Standard & Poor's, the second quarter saw the greatest number of dividend cuts in 18 years.

The firm also reduced its expected 2008 dividend payment on the S&P 500 index from $30.80 to $28.85. Last year, the number was $27.73. So while it's still forward motion, it's the lowest increase since 2002.

While that's grim news, as I've been pointing out here, not all firms are cutting ... in fact, some are RAISING their payments.

Heck, seven stocks in the Dividend Superstars portfolio made payments in July. And not one holding has reduced its dividend. So there are plenty of places to find solid, reliable yields ... you just have to do a little legwork.

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