Dividend Payers' Return Lags Non Payers In August
Blog of HORAN Capital Advisors | Sep 02, 2014 07:29AM ET
The equal weighted return of the dividend payers in the S&P 500 Index continues to lag the return of the non payers in August. As a consolation though, the payers' equal weighted return is ahead of the cap weighted S&P 500 Index on a YTD and 12-month basis.
This equal weighted outperformance of the non-payers has carried over into the performance of the equal weighted S&P 500 Index versus the cap weighted S&P Index as noted in the below chart. A number of the larger cap dividend payers have struggled on a year to date basis with a number falling in the consumer discretionary sector and industrial sector. For example, on a price only basis, Boeing (NYSE:BA)) is down 7.10%, United Technologies (NYSE:UTX)) is down 5.11%, General Electric (NYSE:GE) is down 7.31%, Best Buy (NYSE:BBY) down 20.04% and Bed Bath & Beyond (NASDAQ:BBBY) is down 19.98%.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.