In my previous post I highlighted a sample list of the 20 highest yielding dividend aristocrats. Being fascinated with companies which have consistently increased their dividends for over 25 years, I wanted to examine a similar list, using the High-Yield Dividend Aristocrats this time. You could open it in google spreadsheets from here.
The list, dominated by financial companies, yields a whopping 6.37% as of June 14,2008. On the cautionary note, some of the companies in this list seem likely to cut their payments. With the exception of certain income trusts, I would not consider entering a long-term position in a company whose dividend payout ratio is significantly over 50%.
How do you think this list would perform untill the end of 2008?
Disclosure: I own GE, GCI, CINF, WL.