Dividend Payers vs. Non-payers Performance as of May 31, 2007

Standard & Poor's reported the performance of the dividend payers versus non-payers for the period ending 5.31.2007. On a year to date basis, the dividend payers' return slightly trials the non-payers' return, 10.59% versus 10.61, respectively. Historically though, the dividend payers have had a better risk adjusted return.

The overall return for the S&P 500 Index on a YTD basis is 8.77% as of 5.31.2007. On a 12-month basis, the dividend payers are outperforming both the non-payers and the overall S&P 500 Index as detailed in the chart below.

Source: Standard & Poor's