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    Bob Carey
Chief Investment Officer
Market Commentary & Analysis
    Brian Wesbury
Chief Economist
Economic Research and Advisory Information
    Jeff Margolin
Closed-End Fund Analyst
Closed-End Fund Commentary
Factoid of the Day Thursday, July 2, 2009
In June, the dividend-payers (360) in the S&P 500 (equal weight) posted a total return of -0.84%, vs. 0.26% for the non-payers (140), according to Standard & Poor's. Year-to-date, the payers are down 2.43%, vs. a gain of 24.44% for the non-payers. For the 12-month period ended June '09, payers were off 32.85%, vs. a decline of 23.36% for the non-payers. The number of dividend increases year-to-date totaled 86. That significantly lagged the 158 increases registered at this point in 2008. The number of companies that decreased their dividend totaled 55, up from 16 a year ago. Ten companies have suspended their dividend payments, up from four a year ago.

Bob Carey - Video Market Update
The Waiting is the Hardest Part


  

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