Political Calculations, a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics. We should acknowledge that Ironman is either formerly or currently, and quite possibly, simultaneously employed as some kind of engineer, researcher, analyst, rocket scientist, editor and perhaps as a teacher of some kind or another. The scary thing is that's not even close to being a full list of Ironman's professions and we should potentially acknowledge that Ironman may or may not be one person. We'll leave it to our readers to sort out which Ironman might behind any of the posts that do appear here or comments that appear elsewhere on the web!
We're going to stick with just the facts in our roundup of this past month's market dividend news! The following chart shows the ongoing evolution of either dividend increase announcements or dividend cut announcements from January 2004 through November 2017.
Let's get to the numbers! In November 2017...
Looking at where there has been some degree of distress in the U.S. economy, as measured by the 20 companies that have either reduced or omitted their dividends during November 2017 in our sampling of dividend cuts announced during the month, we find that the financial firms and real estate investment trusts (8) have taken the lead over oil and gas production firms (6) for the first time this year.
Beyond those two industries, we found 3 chemical industry firms (predominantly agricultural fertilizer producers), 2 software producers and 1 mining outfit that cut their dividends during the month.
On the whole, a pretty good month for one of the better indicators of the real-time health of the U.S. economy!
Standard and Poor. S&P Market Attributes Web File. [Excel Spreadsheet]. Accessed 1 December 2017.
Seeking Alpha Market Currents. Filtered for Dividends. [Online Database]. Accessed 1 December 2017.
Wall Street Journal. Dividend Declarations. [Online Database]. Accessed 1 December 2017.