A Review of the S&P High Yield Dividend Aristocrats
The S&P High Yield Dividend Aristocrats is part of the S&P Dividend Aristocrats index series. This constituents in this index have followed a policy of raising dividends each year for at least 25 consecutive years.
In addition, all the constituents are members of the S&P Composite 1500 . The stocks are equally weighted and are re-weighted quarterly.
The constituents of the S&P High Yield Dividend Aristocrats are:
| Company | Ticker | Dividend Yield (as of June 26,2009) |
|---|---|---|
| ABM Industries | ABM | 2.90% |
| Automatic Data Processing Inc. | ADP | 3.81% |
| Air Products & Chemicals | APD | 2.76% |
| Associated Banc-Corp. | ASBC | 1.50% |
| Avery Dennison Corp. | AVY | 6.46% |
| BB&T Corporation | BBT | 2.65% |
| Black Hills | BKH | 6.16% |
| Bemis Company | BMS | 3.64% |
| Cincinnati Financial | CINF | 7.05% |
| Clorox Co. | CLX | 3.58% |
| Carlisle Companies | CSL | 2.52% |
| Century Telephone | CTL | 8.92% |
| Diebold, Inc. | DBD | 3.87% |
| Dover Corp. | DOV | 3.03% |
| Consolidated Edison | ED | 6.37% |
| Emerson Electric | EMR | 3.99% |
| Eaton Vance | EV | 2.28% |
| Fulton Financial Corp. | FULT | 2.28% |
| Gannett Co. | GCI | 4.29% |
| General Electric | GE | 3.40% |
| Johnson Controls | JCI | 2.44% |
| Johnson & Johnson | JNJ | 3.46% |
| Kimberly-Clark | KMB | 4.58% |
| Coca Cola Co. | KO | 3.41% |
| Leggett & Platt | LEG | 6.72% |
| Lilly (Eli) & Co. | LLY | 5.56% |
| Legg Mason | LM | 0.47% |
| McDonalds Corp. | MCD | 3.51% |
| McGraw-Hill | MHP | 3.04% |
| 3M Company | MMM | 3.44% |
| M&T Bank Corp. | MTB | 5.70% |
| National Fuel Gas | NFG | 3.75% |
| National Penn Bancshares Inc. | NPBC | 4.09% |
| Northwest Natural Gas | NWN | 3.59% |
| Pitney-Bowes | PBI | 6.56% |
| PepsiCo Inc. | PEP | 3.29% |
| Pfizer, Inc. | PFE | 4.21% |
| Piedmont Natl Gas | PNY | 4.48% |
| PPG Industries | PPG | 4.87% |
| RPM International Inc. | RPM | 5.66% |
| Synovus Financial | SNV | 1.27% |
| Sonoco Products | SON | 4.55% |
| Supervalu Inc. | SVU | 5.15% |
| Stanley Works | SWK | 3.76% |
| Integrys Energy Group, Inc. | TEG | 9.29% |
| U.S. Bancorp | USB | 1.11% |
| V.F. Corp. | VFC | 4.24% |
| Vectren Corporation | VVC | 5.69% |
| WGL Holdings, Inc. | WGL | 4.56% |
| Wilmington Trust Corp. | WL | 5.13% |
Consumer staple stocks such as KMB, JNJ, MCD, etc. are excellent dividend payers and long-term value stocks. Financials will still experience wild rides due to worsening economic conditions. There may be a few surprises in future quarterly earnings reports as some banks may announce additional new losses.Many banks have also reduced their dividend payouts significantly over last year.
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