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Tags: goldman | sachs | s&p 500 | dividends

Goldman Sachs Sees S&P 500 Dividends Declining 25% in 2020

Goldman Sachs Sees S&P 500 Dividends Declining 25% in 2020
(Dreamstime.com)
 

Monday, 30 March 2020 09:51 AM EDT

Goldman Sachs said on Monday it expects S&P 500 dividends to fall by 25% in 2020 as certain large dividend-paying industries are particularly vulnerable to the economic shock of the coronavirus outbreak.

“The record high level of net leverage for the median S&P 500 stock coupled with the ongoing credit market stress means many firms are unlikely to borrow to fund their dividend,” Goldman said in a note.

The U.S. investment bank said it expects a wave of dividends to be suspended, cut, and scrapped over the rest of the year.

© 2024 Thomson/Reuters. All rights reserved.


InvestingAnalysis
Goldman Sachs said on Monday it expects S&P 500 dividends to fall by 25% in 2020 as certain large dividend-paying industries are particularly vulnerable to the economic shock of the coronavirus outbreak.
goldman, sachs, s&p 500, dividends
91
2020-51-30
Monday, 30 March 2020 09:51 AM
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