We are half way through the first year of the Thoroughbred Folio. Our index is built on the Dividend Aristocrats. A select group of S&P 500 companies that have increased dividends for at least 25 consecutive years. The list will get a little shorter next time the Dividend Aristocrat list is updated, as KeyCorp decided to cut their dividend in half last week. The stock is trading at a 17 year low. It should not come as a surprise following weak earnings in the banking sector since last year.
The Thoroughbred Folio has once again fallen into dark times. A great time to buy I say and I did so in my personal dividend machine. We have received quite a few dividends over the last few weeks to push us over the $40 mark in total dividends. One dividend was worth mentioning which was Johnson & Johnson. They raised their dividend for the 46th consecutive year.
The leaders of our Folio continue to be the steel-maker Nucor and the much talked about Wrigley. Another buyout candidate has made their way to the top as well. Anheuser-Busch is in play to be bought out for around $42 billion by InBev. I’m a Miller Light man myself.
The bottom of the Folio has finally hit a new record. All three stocks in the bottom three are bank stocks. This day has been coming for some time. With the continued weakness in the sector and dividend slashes ahead, I wonder if there will ever be a time to get back into these stocks. Regions Financial, KeyCorp, and Fifth Third all are down over 40%!
I made a quick update today so the Thoroughbred Folio is now sorted properly. Before it wasn’t sorting with the dividends added back in. Finally got around to fixing that and the width of the table is better as well. Here’s hoping to a better 26 weeks to come.
Thoroughbred Performance (Week 26 of 52): $-247.88 (-8.26%) Dividends To Date: $40.97
Top 3 Stocks
- Nucor Corp $25.43 (33.90%)
- WM Wrigley $21.92 (29.23%)
- Anheuser-Busch $11.78 (15.71%)
Bottom 3 Stocks
- Fifth Third Bancorp $-35.09 (-46.78%)
- KeyCorp $-33.64 (-44.85%)
- Regions Financial $-31.11 (-41.48%)
Stocks used in this post:
- (BUD: 62.85, -1.69%, Yield: 2.13%)
- (FITB: 13.11, +20.61%, Yield: 10.86%)
- (JNJ: 64.56, +3.00%, Yield: 2.79%)
- (KEY: 11.89, +53.22%, Yield: 16.79%)
- (NUE: 34.30, -12.70%, Yield: 5.52%)
- (RF: 11.53, +30.43%, Yield: 14.03%)
- (ROH: 70.48, +0.50%, Yield: 2.22%)
- (WWY: 0.00, N/A, Yield: N/A%)
June 19th, 2008 at 12:10 pm
It has been a rough period for banks. JNJ is one of my favorite dividend stocks - love their consistency!
Best Wishes,
D4L
June 29th, 2008 at 5:26 pm
FITB also cut their dividend. A sad story for dividend artistocrat investors