Coach Is Top Gaining Strategic Dividend Index Dog For Fall
Yield (dividend / price) results from here verified by Yahoo Finance for ten stocks from four of nine Yahoo Finance sectors as of market closing prices June 29 revealed the actionable conclusions discussed below. Miller/Howard Investments, publisher of the index states:
"The Miller/Howard Strategic Dividend Index (MHDT) seeks to capture and distill all we have learned over nearly a quarter century of active management of dividend companies. Our strategic, rules-based index is created to enhance current passive approaches to asset allocation, going beyond market exposure by applying persistent, strategic factors we have observed and confirmed through our active management. We seek to find and retain the "good," as opposed to cap-weighted indexes, which in our view hold the good, the bad, and the ugly-by their very nature and definition."
The Dividend Dogs Rule
Stocks earned the "dog" moniker by exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as "dogs."
Current Strategic Dividend Index
"The Miller/Howard Strategic Dividend Index is a composite of 30 publicly traded equities that provide above-average dividend yields and dividend growth, and are equal weighted based on certain quantitative fundamental factors."
Actionable Conclusion (1)... Read more