Well, it’s always nice to get a little positive news in this market, and today drug store chain CVS delivered some. Thecompany announced that it’s boosting its quarterly dividend by 15%.
It’s interesting, and encouraging, to hear a retailer making this kind of announcement. It demonstrates, once again,that individual companies are able to continue delivering results no matter what’s happening on a larger scale.
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Nilus, regarding the BAC dividend cut, is there a way to judge ahead of time whether a company may be more likely to cut dividends? As a Dividend Superstars subscriber, this is a concern to me. At some point, dividend payers may
become the most sought after stocks, but in the the current environment of sell-everything-that-isn’t- nailed-down, if a company needs to raise money or just preserve it dividends are at risk?