Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been standing on the sidelines of the big dance, waiting for someone cute to tap them on the shoulders and pull them in. I'm talking about large-cap stocks, like the dividend-paying defensive stocks in the telecom, drug and utility sectors, such as AT&T Inc. (NYSE: T), Eli Lilly & Co. (NYSE: LLY), Exelon Corp. (NYSE: EXC) and the enigmatic, suddenly awesome Intel Corp. (Nasdaq: INTC), which is almost hard to categorize these days.
One fascinating thing about the Tuesday session in particular last week was that if you look at the stocks in theDow JonesIndustrials that pay a dividend yield of 3% or greater, you will see that all but one was up, and some performed very well -- much better than you would expect given the fact that the index finished flat. This could be a change of tone in the market, though two days' action is not enough time to say for sure. But if we just look at the one-year returns of most of these conservative dividend payers, we can see that they at least have been buoyant for most of the recent past.
Source: Money Morning
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Nice read, I just passed this onto a colleague who was doing a little research on that.
And he just bought me lunch as I found it for him smile So let me rephrase that:
Thanks for lunch!