Chart of the Day
Today's chart illustrates that, since 1960, higher earnings have tended to correlate with higher dividends. What is interesting, however, is that earnings have soared over the past couple of years, while dividends have increased at a slower pace. So why are cash-rich corporate boards holding back despite the dividend tax cut of 2003? The explanations range from executives that lack confidence in future earnings to shareholders that are not demanding enough of their corporate boards.
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Source - Standard & Poor's
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Quote of the Day
"A bird in hand is worth two in the bush." - Aesop
Events of the Day
February 02, 2005 - Groundhog Day
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