>?Doug Henwood wrote:
>
>>>Stocks are priced for a recovery in profitability
>
>>This strikes me as a bit of an understatement.
>
>Seth
>
>Since so many companies don't pay dividends anymore, one has to wonder what
>the calculations (conscious or subconscious) are.
In the third quarter of 2001, U.S. corporations paid out over 88% of their profits in dividends, the highest payout ratio since the early 1930s (when firms continued paying dividends even though they were losing money).
Doug