Rising Dividend Yields

You want a friend you can rely on
One who will never fade away
And if you're searching for an answer
Stick around I say
--Paul McCartney

Plummeting stock prices and bond interest rates have driven S&P 500 dividend yields above 10 yr Treasury yields.

S&P 500 dividend yield has again popped above that of 10y Treasury @SoberLook pic.twitter.com/PZfHKRmpNi

— Liz Ann Sonders (@LizAnnSonders) March 2, 2020

As noted last week, this is one plus for equities as scads of income-hungry investors seek alternatives to shrinking fixed income coupons. Exxon shares, for example, currently flirt with a 7% dividend yield.

Stocks paying rising dividends in the face of falling bond yields should find some bids in the buy side queue.

position in XOM