Category Archives: Morningstar

Summary: Low Yield crushes High Yield in the last year.

In the January 2020 Issue, Morningstar.com published their DividendInvestor which contains their Income Bellwether Watchlist.  Below is the performance* of the stocks based on the top highest and lowest dividend yield from December 10, 2019 to December 11, 2020 (intraday).

As the data continues to demonstrate, low yield generally outperforms high yield.  This has been resoundingly shown in our Dogs of the Dow in the period from 1996 to 2019.

*United Technologies was excluded from the results.

see also:

• November 2019 Income Bellwethers
• October 2019 Income Bellwethers
• September 2019 Income Bellwethers
• August 2019 Income Bellwethers
• March 2019 Income Bellwethers
• 2019 Dogs of the Dow
• 1977 Nifty Fifty

In the December 2019 Issue, Morningstar.com published their DividendInvestor which contains their Income Bellwether Watchlist.  Below is the performance* of the stocks based on the top highest and lowest dividend yield from November 11, 2019 to November 11, 2020.

As the data continues to demonstrate, low yield generally outperforms high yield.  This has been resoundingly shown in our Dogs of the Dow in the period from 1996 to 2019.

*United Technologies was excluded from the results.

see also:

• October 2019 Income Bellwethers
• September 2019 Income Bellwethers
• August 2019 Income Bellwethers
• March 2019 Income Bellwethers
• 2019 Dogs of the Dow
• 1977 Nifty Fifty

In November 2019, Morningstar.com published their DividendInvestor which contains their Income Bellwether Watchlist.  Below is the performance of the stocks based on the top highest and lowest dividend yield from October 9, 2019 to October 9, 2020.

As the data continues to demonstrate, low yield generally outperforms high yield.  This has been resoundingly shown in our Dogs of the Dow in the period from 1996 to 2019.

see also:

• September 2019 Income Bellwethers
• August 2019 Income Bellwethers
• March 2019 Income Bellwethers
• 2019 Dogs of the Dow
• 1977 Nifty Fifty

In October 2019, Morningstar.com published their DividendInvestor which contains their Income Bellwether Watchlist.  Below is the performance of the stocks based on the top highest and lowest dividend yield from September 11, 2019 to September 11, 2020.

As the data continues to demonstrate, low yield generally outperforms high yield.  This has been resoundingly shown in our Dogs of the Dow in the period from 1996 to 2019.

• Of the stocks that beat the performance of the S&P 500 gain at +11.33%, 75% had dividend yields below the average yield (3.25%) of the entire watchlist.
• The entire list of stocks lost -5.73%.
• The conversion/merger of United Technologies marginally impacted return data.
• Of note is the change in the performance by selecting the 2nd, 3rd, 4th stocks versus the top 3.
• The 2,3,4 group beat the S&P 500 by 0.74%.
• Only the top ten low yield stocks did not beat the Dow Jones Industrial Average.

see also:

• August 2019 Income Bellwethers
• March 2019 Income Bellwethers
• 2019 Dogs of the Dow
• 1977 Nifty Fifty

In September 2019, Morningstar.com published their DividendInvestor which contains their Income Bellwether Watchlist.  Below is the performance of the stocks based on the top highest and lowest dividend yield from August 9, 2019 to August 7, 2020.

As the data continues to demonstrate, low yield generally outperforms high yield.  This has been resoundingly shown in our Dogs of the Dow in the period from 1996 to 2019.

• Of the stocks that beat the performance of the S&P 500 gain at +14.82%, 74% had dividend yields below that average yield of the entire watchlist.
• The entire list of stocks gained +1.72%.
• The conversion/merger of United Technologies marginally impacted return data.
• Of note is the change in the performance by selecting the 2nd, 3rd, 4th stocks versus the top 3.
• No group beat the S&P 500 which is severely affected by lopsided market weighting.
• Top 10 low yield stocks beat the Dow Jones Industrial Average.

see also:

• March 2019 Income Bellwethers
• 2019 Dogs of the Dow
• 1977 Nifty Fifty

This is a follow-up graphical representation of the performance of Morningstar’s Income Bellwethers.  In the comparison that we ran, we contrast the high yield with the low yield in a one year period.  The period under consideration runs from February 11, 2019 to February 7, 2020.

As the data continues to demonstrate, low yield outperforms high yield.  This has been resoundingly shown in our Dogs of the Dow in the period from 1996 to 2019.