Dow Jones, S&P 500 Close at Record Highs

The Dow Jones and S&P 500 closed at record highs today, with Nasdaq also ending the day in the green. This surge is partially due to investors purchasing some stocks that have been slumping recently. Pinnacle Foods (PF) stock rose over 13% today after it was announced that Hillshire Brands (HSH) will be purchasing the food company for around $4.3 billion. Despite holding more than $5 billion in cash, 7 "rich" companies in the S&P 500 will not be paying out dividends, much to the demise of their investors.

Google (GOOG), Amazon (AMZN), and Priceline (PCLN) have plenty of cash on hand but will most likely not be paying out dividends this year.

Word on the Street

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Published on May 12, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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