Very Large Dataset Analysis #3 – 91 Good Dividends For Bad Times

After burning up one computer, transferring data to another, then having to upgrade that new one to handle the workload of the Very Large Dataset Project, I’ll be finally posting some results again. In addition to the computer upgrades, I had to create new code that would correct share price values from the past to automatically account for the effects of stock splits. Now it makes two passes, one Internet scrape for the fundamental data, another to correct pricing. The good news is that now it’s really, really cool.

The first analysis I’ve done since the upgrades is on dividend stocks (and funds). Because the market has been waffling and otherwise performing badly, many prudent people no doubt consider dividends to be means of offsetting some of those ugly falling and volatile stock prices. But, no one wants to buy a dividend stock, watch it sink 15% in 3 weeks and gleefully exclaim, “it has a 3% dividend!” So which dividend stocks have done well? In poor economic times, when companies’ profits are somewhat uncertain, many companies lower their dividend to reserve cash. Which companies (or funds) have held their dividend the same, or even better, who’s raised their dividend? Because risk is relatively high right now, and stocks could fall more, which would make a 2% dividend seem almost silly, who’s got a more meaningful yield (say, better than 5%)? Also, which stocks have done well, recently, during the time just since the credit crunch over the summer? The Dow peaked on July 19th, softened substantially, eventually peaked again on October 9th (but by then the “credit crunch” was front-page news) and has since been pretty lousy. The data I’m using is from the time period from July 20th to December 21st.

Good luck finding all that with a stock screener razz.

So here we have it. The following is a list of 91 stocks (or funds)—sorted by share price gain—who:

  1. Have share prices that have gone up,
  2. Have dividends that have either stayed the same (annual trailing) or have even gone up,
  3. Have current dividend yields of greater than 5%, and
  4. Have done all this since July 20th.

A quick note: several of the stocks/funds whose dividends have gone up have what appear to be one-time, non-regular dividends (in other words, their trailing yoy went up because of this reason—so keep your eyes open for these). If you would like to download this table in Excel, click here.

Stock Yield Name Div Yield
39.92% Peabody Energy Corp. (BTU) 6.29%
34.79% Morgan Stanley India Investment Fund, Inc. (IIF) 23.32%
32.13% Renaissance Learning Inc. (RLRN) 6.29%
25.84% TNS Inc. (TNS) 22.69%
25.51% Nationwide Health Properties Inc. (NHP) 5.13%
23.69% LTC Properties Inc. (LTC) 5.77%
22.89% NIC Inc. (EGOV) 8.57%
22.52% Ventas Inc. (VTR) 5.33%
22.04% Senior Housing Properties Trust (SNH) 5.86%
22.01% Cellcom Israel Ltd. (CEL) 5.46%
21.98% Morgan Stanley Eastern Europe Fund Inc (RNE) 32.09%
21.23% 21st Century Holding Co. (TCHC) 5.23%
19.69% JF China Region Fund Inc. (JFC) 20.43%
19.69% China Fund Inc. (CHN) 32.58%
19.39% Universal Health Realty Income Trust (UHT) 6.24%
18.45% Realty Income Corp. (O) 5.47%
16.05% First Commonwealth Ficial Corp. (FCF) 5.84%
14.57% Mesa Royalty Trust (MTR) 9.77%
13.38% Health Care Property Investors Inc. (HCP) 5.53%
13.11% Great Northern Iron Ore Properties (GNI) 7.96%
13.10% Permian Basin Royalty Trust (PBT) 8.80%
12.97% TrustCo Bank Corp. NY (TRST) 6.07%
12.26% Golar LNG Ltd. (GLNG) 10.46%
12.10% SunAmerica Focused Alpha Growth Fund Inc. (FGF) 17.51%
11.97% Morgan Stanley Emerging Markets Fund, LP (MSF) 34.47%
10.82% Harleysville National Corp. (HNBC) 5.07%
10.02% Baldwin & Lyons Inc. (BWINB) 5.87%
9.51% FirstMerit Corp. (FMER) 5.45%
9.15% Omega Healthcare Investors Inc. (OHI) 6.66%
9.00% Portugal Telecom SGPS SA (PT) 24.24%
8.70% Administradora de Fondos de Pensiones Provida SA (PVD) 5.53%
8.40% Gabelli Global Utility & Income Trust (GLU) 6.66%
8.20% TSR Inc. (TSRI) 7.82%
7.63% Sabine Royalty Trust (SBR) 8.56%
7.53% Marine Petroleum Trust (MARPS) 8.15%
7.15% Alabama Power Co. (ALZ) 5.98%
6.89% Tennessee Valley Authority (TVE) 5.82%
6.68% Evergreen Utilities and High Income Fund (ERH) 13.90%
6.53% Terra Nitrogen Co. LP (TNH) 6.06%
6.11% New York Community Bancorp Inc. (NYB) 5.59%
6.05% Putnam Master Intermediate Income Trust (PIM) 10.62%
6.02% Massmutual Participation Investors (MPV) 8.65%
5.99% Diana Shipping Inc. (DSX) 7.07%
5.99% Templeton Dragon Fund Inc. (TDF) 10.16%
5.86% Getty Realty Corp. (GTY) 6.61%
5.85% Great Plains Energy Inc. (GXP) 5.67%
5.51% Templeton Russia and East European Fund Inc. (TRF) 20.99%
5.47% Old National Bancorp (ONB) 5.64%
5.28% BP Prudhoe Bay Royalty Trust (BPT) 10.63%
5.17% Standard Register Co. (SR) 7.54%
5.03% General Electric Capital Corp. (GER) 6.26%
4.93% Entergy Mississippi Inc. (EMQ) 6.12%
4.84% National Security Group Inc. (NSEC) 5.13%
4.63% Morgan Stanley Asia-Pacific Fund Inc. (APF) 12.29%
4.44% Kansas City Life Insurance Co. (KCLI) 6.58%
4.30% iPCS Inc. (IPCS) 31.73%
4.28% Pittsburgh & West Virginia Railroad (PW) 5.62%
3.97% MassMutual Corporate Investors (MCI) 8.42%
3.83% Delaware Investments Colorado Insured Municipal Income Fund (VCF) 5.91%
3.79% AllianceBernstein Income Fund Inc. (ACG) 7.30%
3.60% Morgan Stanley Insured California Municipal Securities (ICS) 6.73%
3.52% Hickory Tech Corp. (HTCO) 5.27%
3.44% Kinder Morgan Management LLC (KMR) 6.52%
3.42% Capital Trust, Inc. (CT) 10.56%
3.38% Franklin Street Properties Corp. (FSP) 7.95%
3.11% Empire District Electric Co. (EDE) 5.51%
2.83% Urstadt Biddle Properties Inc. (UBA) 5.50%
2.73% Hawaiian Electric Industries Inc. (HE) 5.32%
2.67% F.N.B. Corporation (FNB) 6.03%
2.65% Traffix Inc. (TRFX) 5.16%
2.36% Franklin Universal Trust (FT) 6.62%
2.35% Gabelli Global Gold, Natural Resources & Income Trust (GGN) 6.25%
2.18% Morgan Stanley High Yield Fund Inc. (MSY) 8.36%
2.03% Georgia Power Co. (GAH) 6.01%
1.96% Mississippi Power Co. (MPJ) 6.03%
1.96% Morgan Stanley California Insured Municipal Income Trust (IIC) 5.91%
1.87% MFS Government Markets Income Trust (MGF) 5.50%
1.80% DNP Select Income Fund Inc. (DNP) 7.28%
1.79% Public Service Company of Oklahoma (POH) 6.15%
1.50% Indiana Michigan Power Company (IJD) 6.16%
1.46% CHS Inc. (CHSCP) 8.00%
1.44% American Income Fund Inc. (MRF) 6.72%
1.42% Sterling Bancorp (STL) 5.31%
1.29% Total System Services, Inc. (TSS) 12.42%
1.06% San Juan Basin Royalty Trust (SJT) 6.98%
0.76% United Bancorp Inc. (UBCP) 5.04%
0.68% Cherokee Inc. (CHKE) 8.39%
0.66% Morgan Stanley Income Securities Inc. (ICB) 6.16%
0.32% Entergy Arkansas Inc. (EHA) 6.79%
0.29% Global High Income Fund, Inc. (GHI) 15.29%
0.14% AmeriGas Partners LP (APU) 7.49%

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