Going into this week, we're not much closer to knowing for sure if the stock market's climb from its last notable trough on 18 April 2013 is the result of noise, a fundamental shift in investor focus, or the Fed's recent indication that it might really amp up its current quantitative easing program as we have previously speculated it might.
But regardless, even if stock prices stay flat, this will be a big week for the S&P 500, because this is the week that three of the largest companies that compose the market-cap weighted index will be determining who owns their stock for the purpose of paying out dividends for 2013-Q2!
In fact, two of those three companies will be noting their shareholders of record today (Monday, 13 May 2013): Exxon Mobil (NYSE: XOM) and Apple (Nasdaq: AAPL). They just coincidentally happen to be the two biggest companies in the S&P 500, accounting for nearly 5.74% of the entire value of the index (at least, as of last Friday, 10 May 2013)!
The third S&P 500 heavy hitter who will be noting their shareholders of record on Friday this week is Chevron (NYSE: CVX), which is only the fifth largest component stock of the index, representing about 1.6% of the S&P 500's value.
Political Calculations is a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics.
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