Even in the market turmoil, some companies are still rewarding their shareholders.
More than 200 companies have increased their dividends in 2020, according to S&P Dow Jones Indices.
That’s a bullish sign for the stock market, according to Nancy Tengler, chief investment officer at Laffer Tengler Investments.
“It tells me that the management teams have good visibility on future earnings growth,” Tengler told CNBC’s “Trading Nation” on Thursday. “In the companies we own, we refer to what we call a dividend-paying culture where the management set the dividend. And McDonald’s actually says this in their proxy, word for word, they set it as a portion of what they believe long-term sustainable earnings power is. … It’s very optimistic for future earnings growth and