{"id":68829,"date":"2023-10-04T21:35:38","date_gmt":"2023-10-05T01:35:38","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/u-s-stock-dividends-bounce-back-in-third-quarter\/"},"modified":"2023-10-04T21:35:42","modified_gmt":"2023-10-05T01:35:42","slug":"u-s-stock-dividends-bounce-back-in-third-quarter","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=68829","title":{"rendered":"U.S. stock dividends bounce back in third quarter"},"content":{"rendered":"
\n

The U.S. stock market saw a rise in common dividends in the three months through September, although companies appeared \u201ccautious,\u201d according to S&P Dow Jones Indices.<\/p>\n

\u201cDividend payments picked up in the third quarter,\u201d bouncing back from their second-quarter decline, said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, in a note emailed Wednesday. The rise was bolstered by T-Mobile US Inc.\u2019s
\n TMUS,
\n +1.19%<\/bg-quote>
\n $3.1 billion dividend initiation and Microsoft Corp.\u2019s
\n MSFT,
\n +1.78%<\/bg-quote>
\n $2.1 billion increase in dividends, according to Silverblatt,<\/p>\n

\n

\u201cAbsent these two increases,\u201d he said, the quarterly rise points to \u201ca cautious corporate approach to longer-term dividend commitment\u201d that to him seems justified in the short term \u201cgiven the acceptance of higher-for-longer interest rates,\u201d their impact on consumer spending and uncertainty surrounding the economy. <\/p>\n

Bond yields have risen steadily since May this year and jumped further in the past 10 days as investors have been anxious about the Federal Reserve potentially holding its policy interest rate higher for longer as the U.S. economy chugs along with inflation still running above its 2% target.<\/p>\n

Silverblatt pegged the S&P 500\u2019s dividend yield at 1.63% on the last trading day of September. Real-estate and utilities stocks offered the highest dividend yields among the index\u2019s 11 sectors at the end of the third quarter, at 3.89% and 3.72%, respectively, data he provided in the email shows.\u00a0<\/p>\n

But those yields are below what investors have been able to get in the U.S. Treasury bond market.\u00a0<\/p>\n

\u201cWhy own any dividend equity for the dividend\u201d when a T-bill yields more than 5%? said Matthew Tuttle, chief executive officer and chief investment officer of Tuttle Capital Management, by phone Wednesday. \u201cI get equity risk and a subpar yield.\u201d<\/p>\n

Read:<\/strong> Utilities stocks \u2018decimated\u2019 by rising rates fall into uncommon trading territory, Bespoke chart shows<\/p>\n

The U.S. stock market slumped in the third quarter. <\/p>\n

The S&P 500\u2019s utilities
\n XX:SP500.55
\n and real-estate
\n XX:SP500.60
\n stocks are the index\u2019s worst-performing sectors this year. The utilities sector has plummeted 19.6% in 2023 through Wednesday while real estate dropped 10.3% over the same period, FactSet data show.\u00a0<\/p>\n

Meanwhile, the yield on the two-year Treasury note
\n BX:TMUBMUSD02Y
\n fell 10 basis points on Wednesday to 5.048%, according to Dow Jones Market Data. Six-month T-bills
\n BX:TMUBMUSD06M
\n were yielding 5.57%, FactSet data show, at last check.<\/p>\n

Read:<\/strong> Here is the area bond-ETF investors favored in September as yields jumped<\/p>\n

The U.S. stock market finished higher Wednesday, as investors weighed an estimate from ADP that private-sector job growth slowed in September more than Wall Street expected.\u00a0The S&P 500
\n SPX
\n closed with a 0.8% gain, while the Dow Jones Industrial Average
\n DJIA
\n rose 0.4% and the Nasdaq Composite
\n COMP
\n climbed 1.4%.<\/p>\n

\u201cAbsent an economic event, I would expect a record dividend payment for the S&P 500 Q4 period as large caps appear to be weathering the uncertainties better than others,\u201d Silverblatt said. \u201cFor 2024, I expect companies to remain cautious over both consumer and government spending, and consider any impact of the political environment.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. stock market saw a rise in common dividends in the three months through September, although companies appeared \u201ccautious,\u201d according to S&P Dow Jones Indices. \u201cDividend payments picked up in the third quarter,\u201d bouncing back from their second-quarter decline, said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, in a note emailed […]<\/p>\n","protected":false},"author":1,"featured_media":68830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-68829","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nU.S. stock dividends bounce back in third quarter | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The U.S. stock market saw a rise in common dividends in the three months through September, although 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