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
-
My retirement strategy is focused on living off dividends. Dividends are more stable, predictable and reliable than capital gains. Dividends...
-
A pattern of steady dividend payments and dividend increases is only possible if a business can generate enough cashflows to support operati...
-
As a shareholder, there are two ways to make profits from a stock. The first way is when you sell your stock for a gain, after it has incre...
-
I review the list of dividend increases as part of my monitoring process every week. This exercise helps me review the performance of existi...
-
The Dow Jones U.S. Dividend 100 Index is designed to measure the performance of high-dividend-yielding stocks in the U.S. with a record of c...
-
Planning your retirement is one of the most challenging exercises in the world. There are plenty of ways, methods and advisors, who try to i...
-
I review the list of dividend increases every week, as part of my monitoring process. This exercise helps me monitor existing holdings but a...
-
I review the list of dividend increases every week, as part of my monitoring process. This exercise helps me monitor existing holdings, but ...
-
A famous saying goes that there are two things certain in this world: death and taxes. While I am pretty sure I can’t escape death, I know t...
-
I review the list of dividend increases as part of my monitoring process. This exercise helps me monitor existing holdings. It also helps me...