There’s another one. In what has become a regular occurrence, the S&P 500 climbed into uncharted territory above 4,545 last week.
Seems like we get a new high just about every week. For those of you counting, the index has now set more than 50 record highs so far this year. Let’s hope it books a few more before we close out 2021.
Along the way, the closely-watched benchmark has advanced 21.3%. That’s the good news. The bad news is that dividend distributions among S&P firms haven’t been able to keep pace. As a result, the paltry 1.5% yield at the start of the year has dropped to 1.25% today.
If that’s not an all-time low, it can’t be far from it.
What’s The Deal?
Earnings certainly aren’t the problem. According to FactSet Research, S&P 500 profits surged 90% last quarter compared to a year ago. That’s the sharpest upturn since a 109% increase in the fourth quarter of 2009. It’s not a coincidence that both of these blowout earnings figures followed severe recessions the prior year (2008 and 2020 were both ugly), exaggerating the improvements.
Best Dividend Stocks To Invest In 2023: Elbit Systems Ltd.(ESLT)
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; helmet mounted systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; land vehicle systems; command, control, communications, computer, and intelligence systems; intelligence and cyber systems; electro-optic and countermeasures systems; homeland security systems; and electronic warfare and signal intelligence systems, as well as technologies for commercial applications and activities. It also provides a range of support services. The company markets its systems and products as a prime contractor or subcontractor to various governments and defense and homeland security contractors. Elbit Systems Ltd. was founded in 1966 and is based in Haifa, Israel.