Goldman's sees the S&P 500 hitting a mid-year high of 2,150 by mid-year, but fading to 2,100 by year-end after the Fed hikes rates. Its 12-month forecast of 2,125 stands against the current level of 2,130.
With appreciation returns expected to be nil, Goldman suggests having a look at its dividend growth portfolio - a sector-neutral basket of 50 stocks. They have a median yield of 2.5% and are expected to boost payouts by 16% this year and 12% in 2016. The group's P-E ratio is 15 vs. 17.3 for the S&P 500.
The ten highest-yielding additions: Harley-Davidson (NYSE:HOG) - with a 2.3% yield, Home Depot (NYSE:HD) - 2.1%, Dr. Pepper Snapple (NYSE:DPS) - 2.5%, National Oilwell Varco (NYSE:NOV) - 3.6%, Regions Financial (NYSE:RF) - 2.3%, Baxter International (NYSE:BAX) - 3.1%, Cummins (NYSE:CMI) - 2.4%, Seagate Technology (NASDAQ:STX) - 3.9%, International Paper (NYSE:IP) - 3.1%, AES Corp (NYSE:AES) - 3%.
Looking over a ten-year horizon, Goldman expects dividends to account for 46% of the S&P 500's 5% annualized return, up from 20% during the current bull market which started in 2009.
Baxter International Inc (BAX) declares $0.49/share quarterly dividend, in line with previous
Forward yield 2.98%
Payable Jan 3; for shareholders of record Dec. 6; ex-div Dec. 4.
Nov. 12, 2013, 10:26 AM
Jul. 23, 2013, 5:49 PM
Baxter International Inc (BAX) declares $0.49/share quarterly dividend, in line with prior. Forward yield 2.64%. For shareholders of record Sept. 6. Payable Oct. 1. Ex-div Sept. 4. (PR) Jul. 23, 2013, 5:49 PM
May 7, 2013, 6:21 AM
Baxter International (BAX) declares $0.49/share quarterly dividend, 9% increase from prior dividend of $0.45. Forward yield 2.56%. For shareholders of record June 07. Payable July 01. Ex-div date June 05. (PR) May 7, 2013, 6:21 AM
Feb. 19, 2013, 9:35 AM
Baxter International Inc. (BAX) declares $0.45/share quarterly dividend, in line with previous. Forward yield 2.64%. For shareholders of record Mar. 08. Payable Apr. 01. Ex-div date Mar. 06. (PR) Feb. 19, 2013, 9:35 AM