Dividends By The Numbers In November 2020

Published Thu, 03 Dec 2020 11:44:48 -0500 on Seeking Alpha

Seeking AlphaToday's Market | Market OutlookDividends By The Numbers In November 2020Dec. 3, 2020 11:44 AM ET|| Includes: BRX, CGBD, CHKR, CRT, D, MARPS, NAT, RTLR, RVI, SBR, SITC, UFCS, UG, WYby: Ironman at Political CalculationsIronman at Political Calculations Analyst, Long OnlyPolitical Calculations.cls-1{fill:#024999;}SummaryA total of 3,125 U.S. firms declared dividends in November 2020, an increase of 93 over the 3,032 recorded in October 2020.
78 U.S. firms announced they would pay a special (or extra) dividend to their shareholders in November 2020, an increase of 45 over the number recorded in October 2020 and an increase of one over the number recorded a year ago in November 2019.
A total of 15 publicly traded companies cut their dividends in November 2020, an increase of 2 over the number recorded in October 2020 and also a decrease of 9 from the 24 recorded in November 2019.
Like the month that preceded it, November 2020 was a strong month for dividend-paying stocks in the U.S. stock market.
In the year of the coronavirus recession however, that strength is a relative measure. Compared to previous months, the market appears strong. Compared to a year ago, the market looks like it's been whacked, which in truth, it has.
Both observations for November 2020 can be seen in a chart tracking the number of dividend increases and reductions announced in each month since January 2004.

Here's our tally of the U.S. stock market's dividend metadata for November 2020:
A total of 3,125 U.S. firms declared dividends in November 2020, an increase of 93 over the 3,032 recorded in October 2020. That figure is 248 lower than what was recorded a year ago in November 2019. 78 U.S. firms announced they would pay a special (or extra) dividend to their shareholders in November 2020, an increase of 45 over the number recorded in October 2020 and an increase of one over the number recorded a year ago in November 2019. This figure typically peaks in December... Read more