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The Dividend Aristocrats
Posted on 9/7/16 at 8:55 pm
Posted on 9/7/16 at 8:55 pm
LINK from MarketWatch
I don't think I knew this existed before today, but apparently there is an index known as the S&P Dividend Aristocrats. For a stock to be a dividend aristocrat, it must have increased its dividend every year for the past 25 years and be part of the S&P 500. While this excludes many tech companies, it does result in an index of blue chips with durable businesses and healthy capital and earnings growth. Understandably, this index has outperformed the S&P over the long run. Read the link for details such as members and an ETF for the index.
I figured I'd post this because there hasn't been a hearty stock/market discussion in a few days and because of dividend talks in the past month or so (I think). Discuss away and enjoy.
EDIT: Also, someone suggested WSO in the comments as a good dividend stock, but apparently they didn't make it into the index. Just mentioning in case someone is interested.
Another company not on the list that I'm looking at is SSW - a business that owns cargo ships. Supposedly Hanjin Shipping's bankruptcy may affect them in a negative way, but I haven't looked into it. This may be a good company once the global economy recovers, assuming SSW is in an acceptable financial position.
I don't think I knew this existed before today, but apparently there is an index known as the S&P Dividend Aristocrats. For a stock to be a dividend aristocrat, it must have increased its dividend every year for the past 25 years and be part of the S&P 500. While this excludes many tech companies, it does result in an index of blue chips with durable businesses and healthy capital and earnings growth. Understandably, this index has outperformed the S&P over the long run. Read the link for details such as members and an ETF for the index.
I figured I'd post this because there hasn't been a hearty stock/market discussion in a few days and because of dividend talks in the past month or so (I think). Discuss away and enjoy.
EDIT: Also, someone suggested WSO in the comments as a good dividend stock, but apparently they didn't make it into the index. Just mentioning in case someone is interested.
Another company not on the list that I'm looking at is SSW - a business that owns cargo ships. Supposedly Hanjin Shipping's bankruptcy may affect them in a negative way, but I haven't looked into it. This may be a good company once the global economy recovers, assuming SSW is in an acceptable financial position.
This post was edited on 9/7/16 at 9:04 pm
4
Posted on 9/7/16 at 11:48 pm to Omada
I note the Aristocrats is up 14.1% v. S&P up 8.3.
I buy the Vanguard high dividend yield - VHDYX, which is up 11.7 this year.
I will be checking out the Aristocrats, although I am moving most of my holdings into more conservative Wellington (up 8.4) and Wellesley (up 9.7)
I buy the Vanguard high dividend yield - VHDYX, which is up 11.7 this year.
I will be checking out the Aristocrats, although I am moving most of my holdings into more conservative Wellington (up 8.4) and Wellesley (up 9.7)
Posted on 9/8/16 at 11:17 am to matthew25
David Fish maintains an excel spreadsheet that tracks the dividend champions, aristocrats and kings and a lot of significant data relating to each company. i filter by things like 3, 5 and 10 year dividend growth rates, as well as earning per share payout ratio. very helpful tool
Posted on 9/8/16 at 11:56 am to Omada
How does one invest in this index? I'm having a hard time tracking it down on TD A
Posted on 9/8/16 at 12:12 pm to Drive4show
Bottom of article:
quote:
If you like the idea of the Dividend Aristocrats, you’re still faced with the choice of picking stocks, or buying shares of an exchange traded fund that tracks the index, or both. One way to invest in the entire index is to buy shares of the ProShares S&P 500 Dividend Aristocrats ETF NOBL, -0.41% (Disclosure: I hold shares of this ETF.) The ETF was established in October 2013.
Posted on 9/8/16 at 2:40 pm to Drive4show
NOBL
Posted on 9/8/16 at 3:25 pm to Omada
What is so noble about a company raising it's dividend just for the sake of maintaining some bs "title"? I'd rather it be reinvested in the business
Overall, I'd rather a management team make decisions on numbers, not keeping some bs position as an "aristocrat"
Overall, I'd rather a management team make decisions on numbers, not keeping some bs position as an "aristocrat"
Posted on 9/8/16 at 7:12 pm to Omada
I own NOBL. I own it for the quality of companies, not the dividend yield.
I have sold some. Recently actually.
I will most certainly buy it back on a large dip. But NOBL is a core holding in equitity for me.
I get dividend growth, and I believe this is an indicator of quality of company. I get dividend reinvestment. I don't get chasing yield. I think there are probably better and more conservative ways to chase yield. Or add some yield to what you own without getting caught up in dividends.
Here are their holdings as of 9/7, which represent the index:
LINK
I own a couple of these stocks individually as well. What I take away from the index daily holdings is not what they own, but the names conventional wisdom would say belong there, and yet, aren't there.
So it's interesting. We have the gentleman that passed away that used to post about chasing yield, and we have one evidently extremely successful dividend guy on here currently who uses dividend growth almost exclusively it seems. I believe NOBL is probably somewhere in the middle, and outside of my selling some at higher levels, and buying on large dips (and I mean corrections), it is a holding for me that I do not have to micro manage, and this is due largely to the tracking to the index which changes its composition all the time.
I have no idea what the expense ratio is, but it's been a very good long term hold for me.
So anyway, do your own due diligence, but you might want to take some time to look at this and figure out if it fits a need for you.
I have sold some. Recently actually.
I will most certainly buy it back on a large dip. But NOBL is a core holding in equitity for me.
I get dividend growth, and I believe this is an indicator of quality of company. I get dividend reinvestment. I don't get chasing yield. I think there are probably better and more conservative ways to chase yield. Or add some yield to what you own without getting caught up in dividends.
Here are their holdings as of 9/7, which represent the index:
LINK
I own a couple of these stocks individually as well. What I take away from the index daily holdings is not what they own, but the names conventional wisdom would say belong there, and yet, aren't there.
So it's interesting. We have the gentleman that passed away that used to post about chasing yield, and we have one evidently extremely successful dividend guy on here currently who uses dividend growth almost exclusively it seems. I believe NOBL is probably somewhere in the middle, and outside of my selling some at higher levels, and buying on large dips (and I mean corrections), it is a holding for me that I do not have to micro manage, and this is due largely to the tracking to the index which changes its composition all the time.
I have no idea what the expense ratio is, but it's been a very good long term hold for me.
So anyway, do your own due diligence, but you might want to take some time to look at this and figure out if it fits a need for you.
Posted on 9/9/16 at 8:06 am to Iowa Golfer
SCHD is my dividend ETF.
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