Dividend Aristocrats Flaunt 7 Surefire August Selections
Seeking AlphaDividend StrategyDividend Aristocrats Flaunt 7 Surefire August SelectionsJul. 21, 2020 5:27 AM ET|| Includes: ABBV, AFL, BEN, CINF, CLX, CVX, ESS, FRT, GD, KO, LEG, O, PBCT, RTN, T, WBA, XOMby: Fredrik ArnoldFredrik Arnold The Dividend Dog CatcherSimple, straightforward 7-step analysis that finds lucrative income stocks.Summary"S&P 500® Dividend Aristocrats measure performance of S&P 500 companies that have increased dividends every year for 25 consecutive years."---us.spindices.com.
The 65 Aristocrats for August 2020 represent ten of eleven Morningstar Sectors (no Technology). Broker target-top-ten net-gainers ranged 14.6%-25.74% topped by RTX & FRT 7/17/20.
By yield, XOM again tops-all Aristocrats. Top-ten Yields were from LEG, WBA, ABBV, O, BEN, FRT, CVX, PBCT, T, & XOM averaging 5.6%.
Aristocrats top ten by broker target price upsides, KO, T, MDT, XOM, GD, AFL, CVX, ESS, RTX , & FRT, averaged 16.25% analyst-estimated upside.
$5k invested July 17 in the five top-yield lowest priced Aristocrats showed 27.92% LESS net-gain than from $5k invested all top ten. Big, higher priced equities held their lead for August's current list of 65 S&P500 Dividend Aristocrats.
Foreword
As supplement to this article, please note that Kiplinger has published an on-line slide-show detailing the 64 S&P Dividend Aristocrats (before the RTX merger and spin-offs) and calling out the seven new members for 2020. The article is entitled 65 Best Dividend Stocks You Can Count On in 2020. You will find it written here by Dan Burrows a contributing editor.
While more than half this collection of now 65 S&P 500 Dividend Aristocrats are too pricey to justify their skinny dividends, two-thirds of the top eleven live up to the ideal of showing annual dividends from a $1K investment exceeding their price per share.
In the July market recovery, it was still possible for seven (XOM, T, PBCT, BEN, WBA, LEG, &... Read more