Prior Year Performance Review
In our ongoing review of the NLO Dividend Watch List, we have taken the top five stocks on our list from April 22, 2016 and have checked the performance one year later. The top five companies on that list can be seen in the table below.
|Symbol||Name||2015 Price||2016 Price||% change|
|BF-B||Brown-Forman Corp. CL 'B'||46.63||46.26||-0.8%|
|NPBC||National Penn Bancshares||10.72||13.00||21.3%|
|AXS||Axis Capital Holdings Ltd||54.74||66.20||20.9%|
|DJI||Dow Jones Industrial||17,977.24||20,547.76||14.3%|
The average gain of the top five companies from the prior year was +12.10%. This is comparable to the S&P 500 index. With that being said, we stated clearly that there was little case to be made for this list but emphasized that the financial sector provided good risk / reward. As such, if we excluded the two non-financial companies from the top five, Brown-Forman (BF-B) and Macerich (MAC), we end up with an average gain of 25%.
U.S. Dividend Watch List: April 21, 2017
The market continue to trade in a narrow range. However, the 50-day moving average appears to be a short-term resistance line. More volatility is expected in the coming weeks as earnings are announced. This is a good opportunity to take the time to study companies on this list that came off of bad earning reports. A one-time hit to the stock has proven to be an opportune time to accumulate shares for the long run. Below are 26 companies on our list. Continue reading