Friday, August 01, 2008

S&P 500 Dividend Payers Underperform Non Payers In July

In the month of July, Standard & Poor's reported the dividend payers in the S&P 500 Index underperformed the non-payers on an average return basis, -.56% versus -.21%, respectively. Many of the payers fall into the energy, utility and telecommunications sector and these three sectors were the worst performing sectors in the month of July. For the twelve months though, the payers do have a performance edge over the non-payers, -14.14% versus -16.16%, respectively.

S&P 500 dividend payers versus non payers performance July 31, 2008

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