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My name is Ted Leach. I'm a 65-year-old investor focused on dividends in a Retirement Income Portfolio. I'm not yet in the distribution phase of retirement. After serving as a pastor for 40 years, I'm in a second career and I have two part-time jobs. As Director of Community & Property Care, I'm... More
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Companion to the Old Testament: For the Interpreter Within Each One of Us
  • Silverblatt Names "Magnificent Seven" 0 comments
    Mar 9, 2013 10:53 AM

    In case you missed it, Shirley Lazo's "Speaking of Dividends" column in this week's Barron's ("Payouts Light Up Big Board") includes a tidbit from Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. He speaks of "the Magnificent 7--companies that have sweetened payouts for at least 30 years. If you had invested $1,000 in each of them at year-end 1982, that investment would have been worth $425,581 at the close of 2012, a 14.7% annualized return. The group: 3M (NYSE:MMM), Coca-Cola (NYSE:KO), ExxonMobil (NYSE:XOM), Johnson & Johnson (NYSE:JNJ), McDonald's (NYSE:MCD), Procter & Gamble (NYSE:PG), and Wal-Mart Stores (NYSE:WMT)."

    I'm long JNJ.

    Disclosure: I am long JNJ.

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