Gambling on Dividend Growth

The following chart shows real corporate dividends per capita quarterly growth.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie6p-UeUuAuixwGRyBUGdfyJK33k6ArTqkocNklrClWkjauH4WVoVaezbs3vu3AOWMqax5r7fs2C1U7Tj35LGqS2KbjXB_qI4T4KSNJvV86igp7Mf4cn2Qc6juLj2WWfWKBNLZ5NHFAn8/s1600/Real+Quarterly+Dividend+Growth+per+Capita.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie6p-UeUuAuixwGRyBUGdfyJK33k6ArTqkocNklrClWkjauH4WVoVaezbs3vu3AOWMqax5r7fs2C1U7Tj35LGqS2KbjXB_qI4T4KSNJvV86igp7Mf4cn2Qc6juLj2WWfWKBNLZ5NHFAn8/s320/Real+Quarterly+Dividend+Growth+per+Capita.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />The next chart shows the data as standard deviations from the relatively stable 1952:Q2 to 1999:Q4 period.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3HGWwn6IcF5ooKurL7FInSSfHP4muZoJmUhbPIrvZXiCwIzL0-7CxKlVARZk7DcHP-kJMgUOZV59ywfMOWx8WJ9CDqUQ_L-aXNqYfXeVGj_YB6TQGweW_zDPeNWe5jBVQkOM8tjs1LXA/s1600/Real+Quarterly+Dividend+Growth+per+Capita+Sigma+Events+-+Long-Term.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3HGWwn6IcF5ooKurL7FInSSfHP4muZoJmUhbPIrvZXiCwIzL0-7CxKlVARZk7DcHP-kJMgUOZV59ywfMOWx8WJ9CDqUQ_L-aXNqYfXeVGj_YB6TQGweW_zDPeNWe5jBVQkOM8tjs1LXA/s320/Real+Quarterly+Dividend+Growth+per+Capita+Sigma+Events+-+Long-Term.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />And lastly, let's zoom in and add some commentary.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPBRlDJUVe0W8cTkUZGLLZQC-2UADkGno2t2k5-HKzlGP1VbNA3FVmWYSBasmyEUhV7Pb0wWSUXEr0usY_TwcTotzmvKmRtmOxV_zqKEkBgsx2XQgOJqjSDt46GHdiJnS8YU1yY4evlg4/s1600/Real+Quarterly+Dividend+Growth+per+Capita+Sigma+Events+-+Short-Term.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPBRlDJUVe0W8cTkUZGLLZQC-2UADkGno2t2k5-HKzlGP1VbNA3FVmWYSBasmyEUhV7Pb0wWSUXEr0usY_TwcTotzmvKmRtmOxV_zqKEkBgsx2XQgOJqjSDt46GHdiJnS8YU1yY4evlg4/s320/Real+Quarterly+Dividend+Growth+per+Capita+Sigma+Events+-+Short-Term.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />The two largest deviations over the past 60 years were in the past two quarters. Both of them! That's a positive 15-sigma event followed by a negative 8-sigma event. Nice. Nothing builds long-term confidence like predictable dividends, lol. Sigh.<br /><br />Corporate America sure likes <a href="http://www.urbandictionary.com/define.php?term=Swing%20for%20the%20fences">swinging for the fences</a> these days! What could possibly go wrong?<br /><div style="color: #666666;"><br /></div><div style="color: #666666;"><i>Also sometimes used in completely unrelated attempts at doing difficult or near-impossible things.</i></div><br /><a href="http://www.imdb.com/title/tt0080487/quotes?item=qt0484920">So we got that goin' for us, which is nice.</a><br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=p2X">St. Louis Fed: Custom Chart</a>

Gambling on Dividend Growth

The following chart shows real corporate dividends per capita quarterly growth. Click to enlarge. The next chart shows the data as standard ...

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