Two articles in recent weeks described consolidated year to date results from the top 10 high yield stocks comprising (Dog) stocks in each of seven and eight indices. The second of those articles concluded by ranking eight indexes by risk from low to high:
- JPMorgan New Sovereigns Dogs
- S&P 500 Aristocrats Dogs
- Dow Industrial Index Dogs
- NASDAQ 100 Index Dogs
- NYSE International Index Dogs
- S&P 500 Index Dogs
- Top Dog Stocks by Sectors
- Russell 2000 Index Dogs
This is the fifth article in an eight part series launched as another step toward Yale economist Robert Shiller's admonishment to "make conservative preparations for possible bad outcomes". Part 1 reviewed the underlying top thirty component stocks of the Russell 2000 Index. Part 2 discussed the 3x9 Sectors 27 Dogs. Part 3 examined the underlying top thirty component dividend stocks of the S&P 500 Index. Part 4 investigated the underlying top thirty component dividend stocks of the NYSE International 100 Index. Future articles in this eight part series will describe the complete component listings for all eight indices.
This article (Part 5) reviews the underlying top thirty highest yielding component dividend stocks of the NASDAQ 100 Index. This is the fifth highest yielding with presumed fifth highest risk (also fourth lowest risk) of the eight indices listed above.
Data from here reveals the following thirty stock portfolios as of September 18, 2011:
Top Dividend Stocks in the NASDAQ 100 Index Pound
This NASDAQ 100 Index of 30 highest dividend paying stocks is a derivative of the largest 100 domestic and international non-financial securities listed on The NASDAQ Stock Market based on market capitalization. Eight of the top ten stocks in the above list are technology sector companies doing business in various industries, one is a service sector firm and one is in consumer goods. At the top, this index includes only three of nine business sectors. On the whole the list is equally less diversified being thick with technology & services firms while excluding utilities, basic materials, and conglomerates stocks. Here is the breakdown of the 30 component stocks by business sector: Technology: 17; Consumer Goods: 2; Services 8; Financial: 0; Basic Materials: 0; Healthcare: 2; Utilities: 0; Industrial Goods: 1; Conglomerates: 0.
NASDAQ 100 Index Dog Pound Component Profiles
Below are links to short summary business profiles of the thirty top yielding NASDAQ 100 Index dividend paying stocks for September 2011 from Yahoo Finance.
15. PACCAR Inc. PCAR [Sector: Consumer Goods; Industry: Trucks & Other Vehicles]
18. Comcast (CMCSA) [Sector: Services; Industry: CATV Systems]
Charting the Rise and Fall of the NASDAQ 100 Index Dogs
Over the past nine months four firms have traded places at the top of this dividend yield based list. Color code shows: (Yellow) firms listed in first position at least once between January and September 2011; (Cyan Blue) firms listed in tenth position at least once between January and September 2011; (Magenta) firms listed in twentieth position at least once between January and September 2011; (Green) firms listed in thirtieth position at least once between January and September 2011. Duplicates are depicted in color for highest attained rank.
September Dividend vs. Price Results for NASDAQ 100 Index Highest Dividend Paying 10
Currently Seagate Technology, tops this list at 5.99% Yield. Annual projected dividend totals for $1000 invested in each of the top ten stocks have never diverged beyond $250 of the aggregate total single share prices and have begun to converge. Dividends vs. price in September however are only beginning to approach the lockstep proximity evident the first five months of the year. This trend toward convergence in September signals stock prices rising now reducing dividend yields and the number of shares buyable with a fixed investment amount.
Maybe Annual projected dividend totals for $1000 invested in the top ten of the NASDAQ 100 Index dividend stocks will continue to converge toward the aggregate total single share prices in October. This was a very tame and harmonious list from January through May that crept into higher risk territory in the past three months. In October another review of the 30 highest yielding NASDAQ 100 dividend stocks will be reported. Stay tuned
Disclaimer: This article is for informational and educational purposes only and shall not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security.
Disclosure: I am long INTC.