Despite Avery Dennison's recent dividend cut, the dividend aristocrats index appears to be business as usual in 2009. The dividend aristocrats represent S&P 500 members which have consistently raised their dividends for more than 25 consecutive years. At the end of 2008, there were 52 constituents in the index. Dividend growth investors typically use the Dividend Aristocrats and the Dividend Achievers Indexes as a starting point in their additional stock research.
There were 28 dividend increases in the elite dividend index so far in 2009. The companies raising distributions this year include:
There were 8 dividend cuts in the elite dividend index so far in 2009. The other dividend cutters include:
One company, Rohm & Haas was taken over by Dow Chemical (DOW) in the first half of 2009.
The changes in the Dividend Aristocrats index should be expected and they are a natural process that occurs even in normal years. The index is relatively well diversified between different sectors, which helped soften its decline over the past 2 years, relative to the S&P 500.
Full Disclosure: Long ABT, ADM, APD, CB, CLX, ED, FDO, GWW, KMB, KO, MHP, MMM, PEP, PG, SHW and WMT
Relevant Articles:
- Why do I like Dividend Aristocrats?
- Avery Dennison Cuts Dividends
- Why do I like Dividend Achievers
- Reinvest Dividends Selectively
Subscribe to:
Post Comments (Atom)
Popular Posts
-
A few years ago, I read about a study conducted by Fidelity on its client brokerage accounts. The study tried to identify the best performin...
-
At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, the author Joseph Heller, that their host, a he...
-
The year 2020 was definitely a turbulent one. It was marked by lockdowns worldwide due to the Covid-19 pandemic, high unemployment and econo...
-
A dividend champion is a company which has a 25 year record of annual dividend increases. There are only 134 such companies in the US tod...
-
The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years...
-
There seem to be to schools of thought when it comes to investing. One is the so-called value investors community, where folks look at low P...
-
A dividend king is a company that has managed to increase dividends to shareholders for at least 50 years in a row. There are only 30 such ...
-
One of the biggest misconceptions is that you need a high income to achieve financial independence . Your savings rate is much more importa...
-
I recently signed up for a Health Savings Account (HSA) with my employer. A Health Savings Account is a tax-advantaged medical account which...
-
Charlie Munger is the famous partner of Warren Buffett at Berkshire Hathaway. Since Charlie and Warren met in 1959, they have been inseparab...
Thanks for posting these lists. 28 increases is not too shabby even in light of the economy we appear to be in.
ReplyDelete