Tuesday, March 27, 2007

Abercrombie & Fitch Added To The S&P 500 Index

Today Standard & Poor's announced(pdf) that Abercrombie & Fitch (ANF) would be added to the S&P 500 Index after the close of trading on March 28, 2007. ANF will replace Univision Communications (UVN). Univision is being acquired by an investor group including Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group in a deal expected to close on or about that date, pending final approvals.

ANF is not a true dividend growth stock as the company's first dividend payment was the 1st quarter of 2004. Additionally, the company has not increased the dividend on every fifth quarter. On the other hand, the calendar year dividend has increased by 10 cents (approximately 16%) in each year since 2004.

(click chart for larger image)

Abercrombie & Fitch stock chart

No comments :