Tuesday, July 22, 2008

Payouts in Peril

How desparate are major banking institutions to preserve capital? Let’s put it this way: 19 financial-services firms in the S&P 500 have reduced their dividends in 2008, and the total dollar value of those dividend reductions exceeds the additional dividends from the 165 companies that have boosted dividends in 2008. (Wall St. Journal)

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