Dividend Stocks
Friday, July 18th, 2008About a month ago, I wrote a post about the best dividend paying stocks in the market at the time. The date for that post was June 16th, 2008. Since then, it can be seen that all of these stocks performed poorly during a period where the DJIA only dropped 5.9%. While that is a fairly large drop, most of these high dividend paying stocks have fallen by much more over this time period.
Take a look at the spreadsheet below to see how these companies have fared over the last month. Use the -5.9% to benchmark against the market.
In this spreadsheet, you will notice that GLS (Genesis Lease Limited) has been the only one with a price increase during this period, but this is only due to a recent run up in price over the past few days. Otherwise, this stock has been in decline ever since its high of $28.35 in June of 2007. The only other company to beat the Dow was CMO (Capstead Mortgage Company).
One other interesting thing of note is that the dividend yield increased on all companies except for the ones that cut them completely. The reason for this is because of the decrease in price. As the price drops, the project dividend yield increases as the price drops. It is easy to see that the dividend has risen on the majority of these stocks, but at the cost of the stock price