Dividends From the Dow 30 Reach Highest Level Since Before the Financial Crisis
RDInvesting Provides Stock Research on The Walt Disney Company and The Coca-Cola Company
NEW YORK, NY -- (Marketwire) -- 03/06/13 -- Blue chips have garnered increased attention from investors in 2013 as the Dow Jones Industrial Average have hovering near an all-time high. On Tuesday, the Dow Jones Industrial Average closed at 14253.77, topping its previous high of 14164.53, which was set in October 2007. Research Driven Investing examines investing opportunities in Blue Chips and provides equity research on The Walt Disney Company (NYSE: DIS) and The Coca-Cola Company (NYSE: KO).
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Dividend payments from Dow Jones Industrial Average constituents have experienced a steady rebound since falling sharply during the financial crisis. Trailing 12-month dividends per share for the 30 companies that make up the Dow was a combined $348.61 as of the end of January. The total was the highest level seen since January 2008, and just short of the all-time high of $372.46 set in May 2007, according to FactSet. Data from FactSet showed blue chips held roughly $487.9 billion in cash at the end of 2012, an increase of 70 percent when compared to the end of 2008.
"When you look at the overall dividends, yes, they're [near] all-time highs. But the ability for companies to increase dividends from here remains very strong," said Dreyfus Corp.'s Chief Investment Officer, Chris Sheldon.
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The Walt Disney Company currently offers investors an annual dividend of $0.75 a share, for a dividend yield of approximately 1.33 percent. Shares of the company have surged over 13 percent year-to-date. Walt Disney reported revenues for the fourth quarter of 2012 totaled $11.34 billion, an increase of 5 percent when compared to the year ago quarter.
The Coca-Cola Company currently offers investors an annual dividend of $1.15 a share, for a dividend yield of approximately 2.9 percent. Shares of the company have gained roughly 7 percent year-to-date. Coca-Cola recently announced that they will release first quarter 2013 results before market opens on Tuesday, April 16th.
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