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Dividend Payers' Return Lags Non Payers In August

Published 09/02/2014, 07:29 AM
Updated 07/09/2023, 06:31 AM

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.

S&P Dividend Payers vs Non Payers

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%.

SPX

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