After the global sell-off related to the corona-virus in March, the S&P 500 recovered 13% in April. This is the best monthly performance since January 1987. The Dividend Aristocrats showed similar performance and posted a gain of 10.59% in April 2020, which is the best monthly performance since the Financial Crisis (April 2009). The Dow Jones also posted a strong gain of 11.8%.
The Dogs of the Dow won on average 12.99% in April 2020, excluding dividends. Nine out of the ten Dogs posted a positive performance, only Walgreens Boots Alliance (WBA) lost -5.38 in April.
April 2020 performance
So let’s have a look at the performance of the Dogs of the Dow individually for last month. The table below lists all 10 dogs of the dow 2020 companies, sorted descending by dividend yield, and lists returns over last month, 3-, 6-, and 12-month periods and year-to-date.
International Business Machines’ Board (IBM) approved an increase of its quarterly cash dividend for the 25th consecutive year. Meaning IBM could become a Dividend Aristocrat and added to this index by S&P soon. Dow Inc and Exxon Mobil’s dividend yield is now above the 8% mark. The average yield is 5.05% for all dogs.
For the latest data please have a look at the dogs of the dow tracker