Dividend stocks and ETFs for income investors
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After weathering the storm caused by the pandemic last year, US companies were back to their dividend distributing best to top off the first quarter of the new year. A total of 906 companies either initiated a dividend payout or raised it, up 24% from the last year. The number of companies that either cut or suspended their dividends also halved to a measly 64, as published by Wealthmanagement.com’s Todd Rosenbuth last week. There was only one company in the S&P 500 that suspended its dividend this quarter. At the same time last year when the endemic first hit, 10 S&P companies had suspended their dividends. Tech companies leading the way In the last few months, tech companies have led the way in raising dividends, after showing extreme resilience in the face of the pandemic. Oracle gave its dividend amount a massive 33% boost last month while Analog Devices and Applied materials also increased their dividends by 11% and 9% respectively. Intel and Cisco also ...
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