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…

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