Wednesday, October 01, 2008

S&P 500 Dividend Payers Outperform Non-Payers In September

In my post yesterday, I noted that the Dividend Aristocrats significantly outperformed the market for both the month of September and year to date through September. Those returns were based on a market cap weighed basis.

For the payers and non-payers in the S&P 500 Index in the month of September, the payers did outperform the non payers, -9.20% versus -14.81%, respectively. These returns are reported on an average basis by S&P and both payers and non-payers underperformed the S&P 500 Index's weighted return of -8.91%. Year to date though, the table notes the payers have outperformed the S&P 500 Index.

(click on table for larger image)

s&p 500 dividend payers versus non payers September 2008
Every sector in the S&P generated a negative return with the materials sector losing the most at -17.24%. On a year to date basis, only the consumer staples sector has generated a positive return at 4.13%.

(click on table for larger image)


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