Broader Market Outperforming Dividend Aristocrats

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Includes: ABT, ADM, ADP, AFL, APD, AVY, BBT, BCR, BDX, BMS, CB, CINF, CLX, CTL, DOV, ED, EMR, FDO, GCI, GE, JCI, JNJ, KMB, KO, LEG, LLY, LM, LOW, MCD, MMM, MTB, PBI, PEP, PFE, PG, PGR, PPG, ROH, SHW, SIAL, SPGI, STR, STT, SVU, SWK, TEG, TGT, USB, VFC, WBA, WMT, XOM
by: David I. Templeton, CFA
S&P's Dividend Aristocrats are underperforming the broader market through May 15, 2009. On a market cap weighted basis the Aristocrats are down 5.7% while the S&P 500 Index is down 2.3% and the NASDAQ Index is actually up 6.5%. The Aristocrat stocks are slightly outperforming the Dow Industrial Index, -5.7% versus -5.8%. Year to date financials continue to be a drag on performance.

Dividend Aristocrats