Decreasing Expected 2008 S&P 500 Dividend Growth To 4%

Due to the unprecedented dividend decreases in the Financial sector, amounting to $14.5 billion, I are reducing my 2008 dividend payment to $28.85 from $30.30. The 2008 rate represents a 4% gain over the 2007 payment of $27.73, and is the lowest since the 2.1% gain of 2002.

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