The Dividend Report - February 2023
According to work from Macrotrends, which has been tracking the historical dividend payout and yield for SPDR S&P 500 ETF Trust (SPY) since 1995, the current trailing twelve-month (TTM) dividend payout for SPY as of February 08, 2023, is $6.32, or 1.52%.
Political Backlash Grows
I continue to believe there will be a greater effort to hike dividends, especially considering the political heat after big oil companies posted record profits, and then announced record buyback programs (there were some dividend payout increases, but the bulk of the cash is going to buy their own shares.)
We have singled out two names worth considering for your portfolio:
Food is the new gold rush of the 21st century, and this company is well-positioned and poised to be great.
To read the full report contact your account executive or email Research@wstreet.com.
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