S&P 500 firms declared record dividend payouts last quarter

S&P 500 COMPANIES reported record dividend payouts of $124 billion in the second quarter. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
S&P 500 COMPANIES reported record dividend payouts of $124 billion in the second quarter of 2018. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

NEW YORK – One-third more S&P 500 companies boosted dividends in the second quarter compared to a year earlier, with record dividend payouts of $124 billion declared overall. Tax reform, positive earnings and results from a second round of the Federal Reserve stress tests contributed to 89 S&P 500 companies boosting dividends in the second quarter versus 67 firms a year ago.

Dividends highlights:

  • Citrix Systems declared a dividend the first time, with a payout of 35 cents
  • Lam Research, Hewlett Packard Enterprise, Wynn Resorts, Ralph Lauren and Starbucks were among firms that accelerated dividend payouts
  • Pentair and Scana announced dividend cuts
  • Dr. Pepper Snapple announced special dividend of $103.75 due to merger activity
  • 43 companies retained the ’aristocrat’ status of 25 years of consecutively increasing dividends yearly
  • Bloomberg estimates that an additional 75 companies will boost dividend payments this quarter

Wendy Soong is a reporter for Bloomberg News.

- Advertisement -