Science4Data Article Insights

https://www.proshares.com/dividend_growers/dividend_growth_advantage_resilience.html

Dividend Viewpoints

2020-07-01 11:00:39, , ProShares

Content Categorization
/Business & Industrial
/News/Business News/Financial Markets News
/Finance/Investing/Stocks & Bonds

Word Count:
1269

Words/Sentence:
24

Reading Time:
12.69 min

Reading Quality:
Advanced

Readability:
16th or higher

Media Sentiment
Proprietary sentiment analysis on both the headline and body text of the article. Sentiment scores range from -1 (very negative sentiment) to 1 (very positive sentiment).
RCS Analysis
Relative scoring for Risk, Crisis, and Security language within the article.
Risk Score
Scoring based on the composite risk, security and crisis language within an article compared to a baseline of historic analysis across thousands of diverse articles.
PESTEL Scope
Analysis of article orientation across the PESTEL macro-environmental analysis framework. Learn more about PESTEL.
Entity Word Cloud
Key people, places, organizations and events referenced in the article, weighted by frequency and colored based on contextual sentiment.
Auto Summary
Condensing key features of the article based on salience analysis. Helpful for “gisting” the article in a time crunch.

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In our previous Dividend Viewpoint article, The Quality-Based Differences Developing in Dividends, we showed how both current dividend cuts, and cuts during the Great Recession, came disproportionately from lower credit rated, lower quality companies.

We have also seen a continued pattern of significant dividend resilience based on quality.

Figure 1: Dividend Scorecard

Dividend Cutters versus Dividend Raisers, by Market Cap

Source: Bloomberg, ProShares.

Dividend Aristocrats holdings as of 3/31/20; credit ratings as of 12/31/19. As you can see, the S&P 500 Dividend Aristocrats Index has a high distribution of companies among the top two quintiles by credit rating.

Dividend Growth Has Delivered Greater Long-Term Growth

Figure 4: Yield-on-Cost Comparison

Higher Yield Benefits Versus Dividend Growth Dissipated Over Time

Source: Bloomberg, ProShares.

Keywords

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