S&P dividend payments to investors hit record in 2020

S&P dividend payments to investors hit record in 2020

© Reuters. The New York Stock Exchange building is seen from Wall Street in Lower Manhattan in New York © Reuters. The New York Stock Exchange building is seen from Wall Street in Lower Manhattan in New York

NEW YORK (Reuters) – Dividend payments to investors in the S&P 500 rose to a new record in 2020, up 0.7% to $58.28 per share from the previous record set in 2019, according to research from S&P Global (NYSE:SPGI).

A record dividend payment in the first quarter of 2020, and a stronger than expected payment in the fourth quarter led to record payouts to investors, the ninth straight annual record, according to research from Howard Silverblatt, senior index analysts for S&P and Dow Jones indices.

While the S&P 500 index hit its lowest since 2016 in the early stages of the coronavirus pandemic, the U.S. stock index has since reached record highs.

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