
It has been noted, with a degree of accuracy, that these companies, those stalwart pillars of American industry, have a habit of increasing their distributions to shareholders. Last year, a prediction was ventured – a modest assertion, really – that fifteen among them would augment their dividends. The event unfolded as foreseen, a testament not to prescience, but to the predictable rhythms of established enterprise. One is tempted to ask, however, whether such increments truly represent progress, or merely a palliative against the anxieties of a restless age. The question, of course, is rarely posed by those who simply count the coins.