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Once upon a time, managers were paid for producing increasing dividends each year.
"I like to see companies with a history of increasing dividends.
Moreover, management has been buying back stock aggressively, increasing dividends and making small acquisitions.
The Pru said that it would abandon its policy of increasing dividends above inflation.
With profits improving, financial institutions want to enrich investors by increasing dividends and buying back shares.
L&G recently reported its profits, and is confident it will maintain its policy of increasing dividends every year.
Similar(19)
Apparently, increasing dividend payments for shareholders to $3.5 billion is better for business than rewarding employees with increased pay.
BP shareholders constantly put pressure on management to increase dividends.
Analysts at Bernstein said the plan to increase dividends was untenable.
And that means the money could not be used to increase dividends or buy back stock.
Standard & Poor's yesterday reported that 96 companies increased dividends in June, up from 87 in June a year ago.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com