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Still, there is plenty of room for other companies to raise dividends in the future.
Firms have also begun to raise dividends after steep cuts during the crisis (mostly by financial companies).
Mr. Lisanti predicted that companies where insiders own large blocks of stock might be more inclined to raise dividends.
The verdict is the latest setback for Mr. Icahn's campaign to pressure KT&G to sell assets and raise dividends.
Banks also would need to submit plans to raise dividends or repurchase stock as part of the Fed reviews, to begin early next year, the Fed said.
For one thing, big tech companies are sitting on billions of dollars in cash, which they are starting to use to raise dividends and make acquisitions.
Similar(21)
WALL STREET JOURNAL Private Equity Firmrm to Raise Dividend | The private equity firm 3i Group said it would raise its dividend to help compensate for a share price that has recently trailed the company's assets by about 40 percent, Reuters reports.
The idea of the 2003 legislation was to raise dividend payouts, thereby bolstering personal income, and raise the prices of common stock, which would improve household balance sheets.
(See "In A First, Pfizer Doesn't Raise Dividend").
The company this year didn't raise its dividend for the first time in years (see "In A First, Pfizer Doesn't Raise Dividend").
Some companies have raised dividends.
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