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S&P says worst September for dividends in 50 years - Oct. 3, 2008Dividend cuts in the third quarter took $22.5 billion out of the pockets of investors during what one Standard & Poor's analyst called the worst September for dividends in more than 50 years.
Of the 7,000 or so publicly traded companies that report dividend information to S&P, 138 decreased their dividend during the third quarter of 2008 compared to 21 during the third quarter of 2007.
That marks the worst September for dividends since S&P started keeping such records in 1956, said senior index analyst Howard Silverblatt.
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