Dividends By The Numbers For December 2020 And 2020-Q4

If you looked just at dividend rises and cuts, December 2020 would appear to be a pretty healthy month for the U.S. stock market. But one key measure of stock market health fell far short of every other December on record during the previous 16 years: extra, or dividends.

These are the bonus dividend payments that companies sometimes make to their shareholding owners, often at the end of a calendar year when they've had exceptionally strong earnings. 2020 was not that kind of year for the bulk of publicly traded firms in the U.S.

We've tallied up December 2020's number of firms announcing dividends, including the number of increases, reductions and omissions (or suspensions), along with the month's extra dividend total for extra dividend payments, where only this figure stands apart from all the other data that suggests strong year-ending results for the stock market.

  • 3,557 U.S. firms declared dividends in December 2020, an increase of 432 over the 3,125 recorded in November 2020. That figure is also 1,549 lower than what was recorded a year ago in December 2019.
  • Only 13 U.S. firms announced they would pay a special (or extra) dividend to their shareholders in December 2020, a decrease of 65 from the number recorded in November 2020 and 122 lower than what was recorded a year ago in December 2019. This figure is extremely low compared to all other Decembers on record from 2004 through 2019, where the second smallest total is 2019's 135. By contrast, the best December on record for extra dividends was 2012, when 483 firms paid a special dividend as part of the Great Dividend Raid event.
  • 147 U.S. firms announced they would boost cash dividend payments to shareholders in December 2020, an increase of 22 over the number recorded in November 2020, and an increase of 21 over the total recorded in December 2019.
  • A total of 24 publicly traded companies cut their dividends in December 2020, an increase of 9 over the number recorded in November 2020 and also a decrease of 2 from the 26 recorded in December 2019.
  • Three U.S. firms omitted paying their dividends in December 2020, an increase of 2 over the number recorded in November 2020. That figure is also an increase of 2 over the total recorded in December 2019.
1 2 3
View single page >> |

Disclaimer: Materials that are published by Political Calculations can provide visitors with free information and insights regarding the incentives created by the laws and policies described. ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.