Barron's: DJ Transports that Increased Dvds Last Quarter

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From Barron's 7-9-07:

"Of the approximately 7,000 companies covered by Standard & Poor's survey of second-quarter dividend activity, 448 hiked their payouts, 7.2% fewer than the 483 that did so a year earlier. This was the fourth consecutive quarterly year-over-year decline. The drop was especially disturbing "in light of the continued, moderate earnings growth and the abundance of corporate cash," says S&P senior index analyst Howard Silverblatt.

All the dividend activity among the 65 stocks in the Dow Jones averages in the second quarter involved increases. Peter Miller, Barron's statistics director, pointed out that of the 20 transports, they distributed $14.34 in the second quarter, 19.2% above the $12.03 of a year earlier, for a 1.04% yield. A quintet of boosts were provided."

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