The shareholder-owned electric utility industry extended its nine-year-long trend of dividend increases during 2012, supported by favorable tax rates on dividend income. Seventy-three percent of companies raised their dividend, up from 58 percent in 2011 and 60 percent in 2010. The 2012 result is the highest in the last 25 years (based on our data set going back to 1988). The total of 37 companies with a positive dividend action (such as a reinstatement or raise) was the highest since the 37 in 2008, 43 in 2007, and 41 in 2006, yet the smaller universe of industry companies in 2012 provided for the higher percentage of increases.
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