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Here is the rest of the story. My recent end of month summary insta-blog compared relative strengths of eight stock indexes by yield and dividend versus price gaps using projected annual dividends from $1,000 invested in the ten highest yielding stocks in each index. Results for the Dow index were also presented as a baseline standard and the ninth index.

That summary reported exhaustive details of Dogs of the Index methodology applied to: (1) Chuck Carnevale's Power 25 Index; David Fish's vaunted (2) Champions, (3) Contenders, and (4) Challengers, plus a (5) Composite CCC Index; (6) Dividend AchieversTM 50; (7) Carnevale's Super 29 Index; (8) Russell 50. All of it based on (9) Dogs of the Dow.

Dog Metrics Selected Ten in Each Index

Two key metrics determined the yields that ranked those index dog stocks: (1) stock price; (2) annual dividend. Dividing the annual dividend by the price of the stock declared the percentage yield by which each dog stock was ranked.

Historically, investors utilized this ranking system to select portfolios of five or ten stocks in any one grouping to trade. They optimistically awaited the results from their investments in the lowest priced, highest yielding stocks and prayed that the price of every stock they now owned climbed higher (having locked in a high yield percentage at purchase).

Indices Briefs and 2013 Projections

The charts and narrative below provide definitive future performance for the 90 top dogs based on estimates provided by Yahoo Finance.

Top ten dogs for each index were graphed below to show relative strengths by dividend and price as of June 29, 2012, and those projected to June 29, 2013. Current dividends from $1,000 invested in the ten highest yielding stocks and the aggregate single share prices of those ten stocks created the data points for 2012. Projections based on historic increases in dividend amounts from $1,000 invested in the ten highest yielding stocks and aggregate one year target share prices from Yahoo Finance created the 2013 data points green for price and blue for dividends.

Carnevale Power 25 Index

Seeking Alpha blogger, respected stock analyst, and the creator of Fastgraphs, Chuck Carnevale, published Our 25 Dividend Growth Stocks Are Dirt Cheap in November. He listed top 25 blue chip dividend growth stocks that: (1) were available at current valuations; (2) were significantly below their historical norms; (3) remained profitable through the great recession of 2008 and 2009.

Carnevale's top ten Power 25 stocks paying the biggest dividends as of June 29 included firms representing six market sectors. The top stock as revealed by Yahoo Finance data, was one of two in the service sector, R.R. Donnelley & Sons Company (NASDAQ:RRD), and SYSCO Corporation (NYSE:SYY) in sixth place. The balance of the top ten Power 25 included: two consumer goods, Avon Products, Inc. (NYSE:AVP), and Procter & Gamble Co. (NYSE:PG); two basic materials, Alliance Resource Partners L.P. (NASDAQ:ARLP), and Chevron Corporation (NYSE:CVX); one utility, NextEra Energy, Inc. (NYSE:NEE); two healthcare firms, Novartis AG (NYSE:NVS), and Johnson & Johnson (NYSE:JNJ); one financial, AFLAC Incorporated (NYSE:AFL), representing market sectors. The full list of 25 stocks has five service, five healthcare, three consumer goods, one financial, three basic materials, five industrial, one utility, one technology and no conglomerates representing market sectors.

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Yahoo Finance projected 12.39% lower dividends for this group from $1k invested in each, while aggregate single share price increased by 13.18% in the coming year. Probable profit producing trades projected for 2013 were Chevron Corp. netting $177.63, and Aflac Inc. netting $277.25 come June of 2013. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs showed the investor could net 8.72% on $10k invested.

Carnevale's Super 29 Index

On April 2, 2012, Chuck Carnevale published 29 Dividend Champions That Beat The Market, Inflation & 2 Recessions Since 2001. He listed top 29 blue chip dividend growth stocks that: (1) consistently raised dividends for 37 years (or more); (2) were at or below fair market value in 2001; (3) outperformed the S&P 500 on a total return basis.

Carnevale's Super 29 top ten stocks showing the biggest dividend yields as of June 29 included companies representing five market sectors. The top stock, as revealed by Yahoo Finance data, was one of two consumer goods companies, Leggett & Platt Inc. (NYSE:LEG), while Procter & Gamble Co., the other consumer goods company, was in seventh position. The balance of the top ten included: one financial firm, United Bankshares, Inc. (NASDAQ:UBSI); one in the service sector, Bowl America Inc. (NYSEMKT:BWL.A); two basic materials companies, Nucor Corporation (NYSE:NUE), and RPM International Inc. (NYSE:RPM); four utilities, Consolidated Edison Inc. (NYSE:ED), Northwest Natural Gas Company (NYSE:NWN), California Water Service Group (NYSE:CWT), and Connecticut Water Service, Inc. (NASDAQ:CTWS). The full list of 29 stocks has four service, two healthcare, six consumer goods, two financial, three basic materials, six industrial goods, four utility, no technology, and one conglomerate representing eight of nine market sectors.

Yahoo Finance projected 4.765% lower dividends from $1k invested in each of the ten stocks in this group, while aggregate single share price increased by 6.29% in the coming year. Probable profitable trades projected by Yahoo for 2013 were Nucor Corp. netting $219.16, California Water Service netting $130.19, and RPM International Inc. netting $70.99 come June 29, 2013, from $1k invested in each. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs showed the investor could net 7.21% on $10k invested.

Champions Index

David Fish's Champions list of companies paying increasing dividends for 25 consecutive years or more was sorted by yield as of May 31 to reveal the top thirty. Data for all four Fish indices is sourced from Mr. Fish's drip investing tools.

Ten Champion dogs that promised the biggest dividend yields in June included firms representing five market sectors. The top stock Pitney Bowes Inc. (NYSE:PBI) was one of three firms in the consumer sector. The other two consumer goods top dogs were Leggett & Platt Inc., and Altria Group, Inc. (NYSE:MO). The balance of the top ten included: four financial, Old Republic International Corporation (NYSE:ORI), Washington Real Estate Investment (NYSE:WRE), Mercury General Corporation (NYSE:MCY), and United Bankshares Inc.; one technology, AT&T Inc. (NYSE:T); one service, Bowl America Inc.; one healthcare, HCP, Inc. (NYSE:HCP) representing market sectors.

Yahoo Finance projected 9.9% lower dividends from $1k invested in each of the ten stocks comprising the group, while their aggregate single share price increased by 5.36% in the coming year. Probable profit generating trades projected by Yahoo for 2013 were Old Republic International netting $1,117.52, and Leggett & Platt Inc. netting $328.32 from $1k invested in each come June 29, 2013. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs showed the investor could net 19.09% on $10k invested.

Contenders Index

The Contenders list (from here) paid increasing dividends for 10-24 years. The top dividend contenders stocks listed below were ranked by yields calculated as of May 31. Contender dogs in May lost Inergy, L.P. (NRGY), the former leader of the pack, when the company sent a clear sell signal by cutting its dividend in half this quarter. The newly reconstituted top ten contenders included firms representing five of nine market sectors.

The new top dog, Vector Group Ltd. (NYSE:VGR) was the only one from the consumer goods sector. The balance of the top ten included one utility, Suburban Propane Partners LP (NYSE:SPH); five basic materials companies, NuStar Energy L.P. (NYSE:NS), Buckeye Partners Lp. (NYSE:BPL), TC Pipelines LP (NYSE:TCP), Alliance Resource Partners L.P. (ARLP), and Kinder Morgan Energy Partners L.P. (NYSE:KMP); two financial companies, Omega Healthcare Investors, Inc. (NYSE:OHI), and Universal Health Realty Income Trust (NYSE:UHT); one technology company, Communications Systems Inc. (NASDAQ:JCS) representing market sectors.

Yahoo Finance projected 9.85% lower dividends for this group, while aggregate single share price increased by 12.91% in the coming year. Probable profitable trades projected by Yahoo for 2013 were Alliance Resource Partners netting $427.43, Kinder Morgan Energy Partners netting $142.89, and Communications Systems Inc. netting $892.26 come June 29, 2013, from $1k invested in each. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs showed the investor could net 20.09% on $10k invested.

Challengers Index

David Fish's Challengers list (from here) is distinguished as companies that have paid higher dividends for 5-9 straight years. Dividend challenger stocks listed below were ranked by yields calculated as of May 31.

Ten challenger dogs posting the biggest dividend yields in May included firms representing three of nine market sectors. The top stock Dynex Capital Inc. (NYSE:DX) was one of three in the financial sector. The other financial firms in the top ten were: PennantPark Investment Corporation (NASDAQ:PNNT); Triangle Capital Corporation (NYSE:TCAP). The balance of the top ten included one service, StoneMor Partners LP (NYSE:STON), and six basic materials firms, Exterran Partners LP (NASDAQ:EXLP); Vanguard Natural Resources, LLC (NASDAQ:VNR); Natural Resource Partners LP (NYSE:NRP); AmeriGas Partners lp (NYSE:APU); Boardwalk Pipeline Partners, LP (NYSE:BWP); Transmontaigne Partners L.P. (NYSE:TLP), representing market sectors.

Yahoo Finance projected 9.66% lower dividends from $1k invested in each of the ten stocks in this group, while aggregate single share prices increased by 14.83% in the coming year. Probable profitable trades projected by Yahoo for 2013 were Exterran Partners LP netting $513.65, Vanguard Natural Resources LP netting $364.82, and Transmontaigne Partners netting $139.05 come June 29, 2013. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs revealed the investor could net 16.75% on $10k invested.

CCC Combined Index

The combination of David Fish's lists (from here) were ranked by yields calculated as of May 31.

CCC combined index dogs projecting the biggest dividend yields in May included firms representing five of nine market sectors. April's top dog Inergy LP was disqualified in May when it cut its dividend payment by half. The reconstituted CCC combo top ten included three financial firms, Dynex Capital Inc., PennantPark Investment Corp., and Triangle Capital Corp.; two consumer goods, Pitney Bowes Inc., and Vector Group Ltd.; three basic materials firms, Exterran Partners LP, Natural Resource Partners LP, and Vanguard Natural Resources LLC; one service, StoneMor Partners LP; one utility, Suburban Propane Partners LP, representing market sectors.

Yahoo projected 11.92% lower dividends from $1k invested in each of the ten dogs in this group, while aggregate single share prices increased by 17.89% in the coming year. Probable profit generating trades projected by Yahoo for 2013 were Exterran Partners LP netting $513.65, Natural Resource Partners netting $434.22, Vector Group Ltd. netting $333.11, and Vanguard Natural Resources LP netting $364.82 come June 29, 2013. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs revealed the investor could net 22.31% from $10k invested.

Dividend Achievers 50

Dividend AchieversTM 50 Index was chosen from here. The selected subset below was constituted from "the 50 US companies with the highest current dividend yield as of the last trading date in December." The selected list was then updated with price data as of June 29, 2012, per prices available on Yahoo Finance.

Dividend Achievers top ten stocks paying the biggest dividends as of June 29 included equities representing five market sectors. The top stock as revealed by Yahoo Finance data, was another one of four in the consumer goods sector, Pitney Bowes Inc, which replaced April's top dog, Vector Group. The other two consumer goods firms were Avon Products Inc, and Leggett & Platt Inc. The balance of the top ten included three financial, Old Republic International, Mercury General Corp, and People's United Financial, Inc. (NASDAQ:PBCT); one service, Meredith Corporation (NYSE:MDP); one utility, PPL Corporation (NYSE:PPL); one technology, AT&T Inc. representing the sectors.

Yahoo projected 15.82% lower dividends from $1k invested in each of the ten dogs in this group, while aggregate single share prices increased by 13.62% in the coming year. Probable profitable trades projected by Yahoo for 2013 were Old Republic International netting $1,117.52, Natural Resource Partners netting $434.22, Leggett & Platt Inc. netting $328.32, and Meredith Corporation netting $104.92 come June 29, 2013. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs revealed the investor could net 20.18% on $10k invested.

Russell Top 50 Index

Russell Investments states: "The Russell Top 50 Index measures the performance of the largest companies in the Russell 3000® Index. It includes approximately 50 of the largest securities based on a combination of their market cap and current index membership and represents approximately 40% of the total market capitalization of the Russell 3000."

As of June 18, none of the top ten stocks in this index were financial sector firms. Of the top ten Russell 50 stocks by yield, two were technology firms; AT&T led the pack, while Verizon Communications (NYSE:VZ) came in at number four. The rest of the top ten Russell 50 pack included three consumer goods, Altria Group, Procter & Gamble, and Phillip Morris International Inc. (NYSE:PM); two basic materials, ConocoPhillips (NYSE:COP), and Chevron; three healthcare, Merck & Co. Inc. (NYSE:MRK); Pfizer Inc. (NYSE:PFE), and Johnson & Johnson representing four of nine sectors.

Yahoo Finance projected 1.56% higher dividends for this group, while aggregate single share prices increased by 6.07% for the coming year. Probable profitable trades projected by Yahoo for 2013 were Johnson & Johnson netting $91.16, and Chevron Corporation netting $177.63 From $1k invested in each come June 29, 2013. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs revealed the investor could net 6.14% on $10k invested.

Dow 30 Index

CME Group, publisher if this index, states, "The Dow Jones Industrial Average (DJIA) is a price-weighted index of 30 blue-chip U.S. companies representing nine economic sectors including financial service, technology, retail, entertainment and consumer goods."

Two technology firms showing the biggest dividend yields on the Dow Index as of June 1 were: (1) AT&T; (2) Verizon. The rest of the Dow 10 dogs include three healthcare companies, Merck & Company, Pfizer Inc., and Johnson & Johnson; one industrial, General Electric Company (NYSE:GE); one financial, JPMorgan Chase (NYSE:JPM); two basic materials, Chevron, and DuPont (NYSE:DD); one consumer goods firm, Procter & Gamble, representing six of nine market sectors. Thirty Dow stocks include seven technology companies, three consumer goods, four financial, four services, four basic materials, two industrial, three healthcare, no utilities, and three conglomerates.

Yahoo Finance projected 1.34% higher dividends for this group, while prices increased by 9.35% for the coming year. Probable profitable trades projected by Yahoo for 2013 were DuPont netting $166.28, Chevron Corporation netting $177.63, and JPMorgan Chase netting $299.62 come June 29, 2013. Should Yahoo Finance projections hold for 2012/2013, charts for this collection of dogs revealed the investor could net 9.33% on $10k invested.

Conclusion: There's Power in The Pack

Charts above displayed that the power of each dog is in the pack and, conversely, how the power of the pack is in each dog. For proof of this assertion, compare the graphs of the Dow with those of the Russell 50. Only two of the ten stocks differ in the two lists. Still the Russell list projected $35 more dividends from $1k invested in each of ten stocks at a $130 lower aggregate share price than the Dow. However, the Dow projected potential 2013 gains of 9.33% against only 6.14% in gains for the Russell 50 Pack top ten.

Come December, this exercise in dividend dog power projection will be repeated. 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. Prices and returns on equities in this article are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding or selling same.

Source: 90 Top Dogs Project Dividends And Price Gains For 2013