RE:RE:RE:MomentumCompanies across a range of industries are suspending dividends to cope with the economic fallout from the coronavirus outbreak. The S&P 500 dividend aristocrats index, which tracks companies that have increased dividends annually for the past 25 years and includes Exxon and Chevron, has fallen about 19% so far in 2020 as of April 27, greater than the 12.9% drop over that time for the S&P 500 total return index. The S&P 500’s dividend yield recently exceeded the yield on the benchmark 10-year U.S. Treasury by its highest margin in nearly five decades.
Goldman Sachs expects S&P 500 aggregate dividends to fall 23% to $398 billion in 2020 after rising each year over the past decade.
This means that people will be scrambling to find good dividend paying stocks as bond yields will remain low for a long time. Someone needs to get the news out on Pivot.