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80 S&P 500 High Yield Index, Gains And Upsides For March

Mar. 07, 2020 6:10 AM ETCCL, COTY, LUMN, CUK, F, HP, IRM, IVZ, KSS, M, MO, NWL, OXY, SLB, VLO, WMB, XOM1 Comment


  • "The S&P 500 High Dividend Index is a benchmark for income seeking equity investors. It measures performance of 80 high-yield S&P 500 companies and is equally weighted."
  • 80 S&P 500 high dividend yield index dogs showed top-ten March net gains ranging 38.29%-68.63% topped by Valero 3/4/20. HP, F, NWL, COTY, XOM, WMB, CCL, OXY, SLB, and VLO averaged 49.18% broker-projected net gains.
  • High dividend yield index dogs ranged 2.93%-11.93% in estimated annual yield. Top 10, IRM, MO, KSS, CTL, HP, WMB, F, CVX, IVZ, OXY, and M, averaged 8.57%.
  • S&P 500 ten top high yield index firms by March broker target-price upsides, XOM, WRK, WMB, UNM, CCL, GM, OXY, PSX, SLB, and VLO, averaged 47.65%.
  • $5k invested in the lowest-priced five March high-yield S&P 500 index dividend dogs showed 3.04% more net gain than from $5k invested. Little, low cost dividend dogs came back to rule this pack for March.
  • This idea was discussed in more depth with members of my private investing community, The Dividend Dog Catcher. Get started today »


The many ways to evaluate the S&P 500 list include pitfalls and perils. A straight listing by yield, for example, includes as many top dogs poised to fall amid a few rising stars. This high dividend yield index list narrows the field to 80 stocks with (mostly) positive returns over the past year and yields greater than 2.93%, assuming their good fortune holds. Nevertheless, past pleasantries are never a guarantee of future fates.

"The S&P 500 High Dividend Index serves as a benchmark for income seeking equity investors. The index is designed to measure the performance of 80 high yield companies within the S&P 500 and is equally weighted to best represent the performance of this group, regardless of constituent size." - us.spindices.com

Actionable Conclusions (1-10): Analysts Forecast 38.29% To 68.63% Top Ten S&P Top-Return Net Gains To March 2021

Four of ten top S&P 500 high dividend yield index dogs by yield were among these top ten gainers for the coming year based on analyst 1-year target prices. (They are tinted gray in the chart below). Thus, this yield-based forecast for S&P 500 dogs was graded by Wall St. brokers as 40% accurate.

These projections were based on estimated dividends from $1,000 invested in each of the highest yielding stocks and the median of aggregate one-year analyst target prices, as reported by YCharts. Note: one-year target prices by lone analysts were not applied. Ten probable profit-generating trades projected to March 4, 2021 were:

Source: YCharts.com

Valero Energy Corp. (VLO) was projected to net $686.33, based on dividends, plus a mean target price estimate from twenty-two analysts, less broker fees. The Beta number showed this estimate subject to risk 56% over the market as a whole.

Schlumberger Ltd. (SLB) netted $644.40 based on the median of estimates from twenty-two

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This article was written by

Fredrik Arnold profile picture

Fredrik Arnold is a retired quality service analyst sharing investment ideas with a primary focus on dividend yields by utilizing free cash flow and one-year total returns as trading indicators.

He is the leader of the investing group The Dividend Dog Catcher, where he shares a minimum of one new dividend stock idea per week with focus on yield or extraordinary financial circumstances. All ideas are archived and available after weekly announcement. Learn more.

Analyst’s Disclosure: I am/we are long T, TJX. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (1)

InvestTerm profile picture
Nice work. I’ve been adding, slowly, to SLB, M, XOM and KSS on corona hysteria. I think there is a lot more downside and potential dividend cuts but as a general matter you must add when fear rules the environment. It’s never easy. But viruses come and go and this one looks a lot to me like prior outbreaks that won’t actually change the medium or long term fundamentals.
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