First, for the purposes of this article a "good" dividend stock is:
- a stock that has paid and increased dividends for at least 5 years, according to the list the Dave Fish maintains, and
- a stock that trades at least $25,000 per minute (the larger you position the more per minute trading volume you want to minimize market impact when buying or selling).
We do this sort of filtering frequently separately for all industry groups, all listed stocks, all ETFs, all mutual funds, and for some sets of stocks within industries.
For this filter, we focused on consistent dividend payers.
There are 460+ names in Dave's list, and as of today 302 pass the minimum trading volume criterion we use.
Of those 302, these 5 had the worst combination of 1-day and 5-day returns:
|MSC INDUSTRIAL CL A ORD||MSM|
|KINROSS GOLD ORD||KGC|
|ONEOK PARTNERS UNT||OKS|
|EV ENERGY PARTNERS UNT||EVEP|
|EL PASO PIPELINE PARTNERS UNT||EPB|
The generally popular category of energy infrastructure MLPs accounted for 3 of the 5 worst performers over 1 and 5 days.
Of those 302, these 5 had the best combination of 1-day and 5-day returns:
|NU SKIN ENTERPRISES CL A ORD||NUS|
|HELMERICH AND PAYNE ORD||HP|
|CARBO CERAMICS ORD||CRR|
|FRANKLIN RESOURCES ORD||BEN|
Not terribly unexpected, an asset manager was among the strongest over 1 and 5 days. You'd expect asset managers to rise during a stocks rally.
Here are tables of data making observations of the price distance from the trailing 1-year high, and the price change over 1, 5, 21, 63 and 252 days.
We don't own any of these stocks (we do own SDY and SPY), but we do have meaningful exposure to infrastructure MLPs -- so seeing 3 MLPs in the "worst" list is disappointing.
Kinross Gold and EV Energy Partners are in tough shape, being more than 20% below their 1-year highs and with losses over all of 1, 2, 21, 63 and 252 days.
We use a Reuters data feed. They put suffixes on certain stocks depending on where they trade, or how many letters are in the symbol. That is why there is an ".O" after EVEP.
Franklin Resources is in the best shape. It is at its 1-year high, and has positive price changes over each of 1, 5, 21, 63, and 252 days.
Disclosure: QVM has positions in SDY and SPY as of the creation date of this article (April 10, 2013). We certify that except as cited herein, this is our work product. We received no compensation or other inducement from any party to produce this article, but are compensated retroactively by Seeking Alpha based on readership of this specific article.
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