S&P 500 High Yield Financials: Recent Performance, 5-Year Dividend Growth Analysis
Many investors seek out high yielding investments, but a high yield with strong dividend growth is often better than a temporarily high dividend. With this in mind, I continue to review the 5-year dividend payout history of companies that come up through high-yield screens. This article is a review of the performance of companies within the financial sector that currently yield at least 4% and which are included in the S&P 500 (SPY). Below are the six financials within the S&P 500 that met this profile, along with their 5-year dividend growth history, current yield percentage and 2011-to-date performance.
1. Cincinnati Financial Corp. (CINF) Industry: Property & Casualty Insurance Yield: 5.7% 2011 Performance: -12.21%
2. Federated Investors, Inc. (FII) Industry: Asset Management Yield: 4.2%
2011 Performance: -13.64%
3. HCP, Inc. (HCP) Industry: REIT - Healthcare Facilities Yield: 5.2% 2011 Performance: 1.82%
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