At the halfway point of 2013, dividend payments are on track to surpass the record set last year. Year-to-date dividend payments are 13.9 percent higher than in the year-ago period, according to S&P Dow Jones Indices.
Some 82 percent of the companies in the Standard & Poor’s 500 index pay dividends. The percentage hasn’t been that high since September 1999. And the Dow? All 30 companies in the industrial average pay a dividend.
Howard Silverblatt, senior index analyst for S&P Dow Jones Indices, projects that dividends will continue to grow this year, but at a slower pace than in the first six months. One reason is that many companies increased their payouts in the fourth quarter of 2012 due to concerns about a possible hike in dividend taxes as part of the “fiscal cliff” debate.Associated Press