Barron's: DJ Utilities 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. Among the 15 Dow utilities, Duke Energy (DUK), Southern Co. (SO) and Williams Cos. (WMB) declared hikes, although Duke won't make its payout until September. Yielding 2.95%, the group's total dividends rose 5.60%, to $3.77 from $3.57. PG&E (PCG) paid a higher dividend in April, but had declared it in the first quarter."

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