Dividend Payers Underperform In January

For the month of January, the average return for the dividend payers in the S&P 500 Index slightly underperformed the non-payers, 2.08% versus 2.10%, respectively. On a weighted basis the S&P 500 Index total return equaled 2.37% while the equal weighted return for the index was 2.22%. This is an indication that the larger capitalization stocks may be gaining favor with investors. On a 5 and 10 year basis, the S&P 500 Index has lagged the performance of the midcap and small cap indices.

From The Blog of HORAN Capital Advisors

Source: Standard & Poor's