Ben Steverman in BusinessWeek writes an article on the stinginess of companies increasing their dividends and how some companies, despite the recession, are finding innovative ways to give back to shareholders.
"So far in 2009, 80 companies in the S&P 500 have raised dividends, netting shareholders an extra $5.4 billion, S&P says. However, 63 firms have reduced payouts, for a $46.3 billion hit to dividend income. Investors have been disappointed by some of the stock market's most consistent and generous dividend payers. S&P keeps a list of "Dividend Aristocrats," firms that have increased payments for 25 consecutive years. Changes to the list won't be official until the end of 2009, but many aristocrats seem to destined to lose their rank."
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