I'm going to be attending a Consumer Products conference here in Boston for the next couple of days, so my blog postings will probably be brief.
(The conference features a number of the leading consumer companies like Procter & Gamble; Smuckers; and Avon. Sponsored by Barclays Capital for the last few years, I've always come away from the meetings with lots of information, not to mention some investable ideas, so I'm looking forward to the gathering.)
With sentiment on stocks continuing to be poor, especially when it comes to to U.S. stocks, I thought this article from Bloomberg was interesting.
Here's an excerpt:
More U.S. stocks are paying dividends that exceed bond yields than any time in at least 15 years as profits rise at the fastest pace in two decades....
... The last time the number of S&P 500 companies paying dividends above the corporate bond rate approached the current level was in March 2003, data compiled by Bloomberg show. That was just after the start of a bull market in which the equity index more than doubled over five years.
I still think that the economy probably needs at least a second stimulus package, but it seems very unlikely to happen. However, stocks could have a nice upward move simply on the lack of investing alternatives.
Dividends Beating Bond Yields by Most in 15 Years (Update1) - Bloomberg.com
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