In December Standard and Poor’s updated their Dividend Aristocrats list. The companies which were added were:
Bemis (BMS)
Legg Mason (LM)
The companies removed from the list are:
Anheuser-Busch (BUD)
Bank of America (BAC)
Comerica (CMA)
Fifth Third Bancorp (FITB)
Keycorp (KEY)
Nucor (NUE)
Progressive (PGR)
Regions Financial (RF)
Wrigley Wm (WWY)
The biggest surprise is the removal of Nucor (NUE) from this elite list despite the fact that the company recently increased its payment to shareholders by over 9% to $0.35/share. Nucor does pay a special dividend in addition to the regular payment however. The special dividend payment has been decreasing over the past few years, as the regular payment has been increasing. The total quarterly payment for 3Q 2008 of 0.52/share was lower that 3Q 2007 payment of 0.61/share, which could be the reason why Nucor is booted out of the dividend aristocrats index. Check out my analysis of Nucor (NUE) from this link.
Wrigley and Anheuser-Busch were removed because they were acquired. The rest of the deletions include financial companies, which cut their payments to shareholders in 2008.
In 2008 the dividend aristocrats’ index outperformed the S&P 500 by 15.50 percent. The dividend aristocrates lost 21.55% in 2008 versus the 37.00% loss for the S&P 500.
To view the full list of Dividend Aristocrats in 2009, check out Standard and Poors website.
Free Stock Trade. Trade stocks for free on Zecco.com. The Free Trading Community. www.zecco.com
Relevant Articles:
- Why do I like Dividend Aristocrats?
- Dividend Aristocrats are outperforming the markets in 2008
- Are Drips Worth It?
- Long term returns of S&P high-yield aristocrats
Popular Posts
-
As a dividend growth investor, I invest with the end goal in mind . My goal, from the very beginning of my journey, has been to generate a c...
-
I review the list of dividend increases every single week, as part of my monitoring process. A long history of dividend increases is an indi...
-
I review dividend increases every week, as part of my monitoring process. This exercise helps me monitor existing holdings, and potentially ...
-
I review the list of dividend increases every week, as part of my portfolio monitoring process. I leverage several of my dividend investing...
-
My investment strategy is Dividend Growth Investing . I invest in companies that have a long track record of annual dividend increases. Thes...
-
As a Dividend Growth Investor, my investable universe is the group of companies that have managed to increase annual dividends for at least ...
-
Success in investing is easy to compute. You either make money overall over a certain period of time, or you don't. If you do make money...
-
I review the list of dividend increases every week, as part of my monitoring process. This exercise helps me review existing holdings for di...
-
I review the list of dividend increasess every week, as part of my monitoring process. This exercise helps me review existing holdings and p...
-
Cash sitting on company balance sheet that's not utilized earns no/small return. There's a risk it would be pissed away/wasted on lo...
