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Dividends Low Despite Record Cash

Investors pressure companies to increase pay-outs.

By Thomas Black, Bloomberg | Updated on October 06, 2011

Pressure is building for higher dividends as U.S. companies from Google Inc. to Valero Energy Corp. sit on record cash stockpiles and payouts remain at three-year lows.

Standard & Poor’s 500 Index companies paid 27 percent of earnings in dividends in the second quarter, down from 30 percent in 2008 and below a 30-year average of 41 percent, according to Wells Fargo & Co. Company cash, equivalents and short-term marketable securities jumped 63 percent to $2.77 trillion in the same period, according to Bloomberg data.

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