Are High Dividends Stunting The Babies' Growth?Peter Coy
If the seven Baby Bells played baseball with their dividend payments, their team batting average would be a stratospheric .964. Since their launch on Jan. 1, 1984, they have had 56 opportunities to raise dividends, and they have done so 54 times. The only exceptions: Nynex Corp. in 1991 and Bell South Corp. this year. The steady increases have made the group a Wall Street favorite (chart), especially this year, when low interest rates make the Bells' yields more attractive than ever.
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