Dividend Stocks That Are Holding Up in Downturn
Feb.09, 2010 in
investing
What’s up with the winter storms? We are running out of places to put the snow until it melts as a second snow storm hits the east coast. Now, the rest of the story.
With the market correction, you expect most stocks to take a decline along with the broad markets. However, there are some dividend stocks that have outperformed the S&P during this pullback. The S&P 500 is down 3.6% through January.
The U.S. dollar has rallied while Europe and the Eorodollar have turned down. The U.S. markets do have the risk of a double dip recession as the business has not really returned as expected. Most of the grow was due to stimulas as the new jobs has disappointed.
The light at the end of the tunnel is to look for increased yields from beaten down stocks. How do you do that in this market? I start with stocks that have outperformed the S&P during the January-February correction. The list below identifies a list of dividend stocks for further review. Each of these stocks has a buy rating among analyst consensus and a nice yield to go with it. They all beat the S&P by at least 7% during the market correction.
FLP has a dividend yield above 13% trading at 1.1 times sales with a 26% return on equity. BGH has a lower yield at 5.6% but is trading at 0.5 sales. Do some additional research on this list as these divdiend stocks are holding their price really well against the S&P.
| Dividend Stocks Beating the S&P in last 4 Weeks | ||||||||
| Company | Symbol | Price Chg last 4 weeks | Vs. S&P 4 weeks | Dividend Yield | Price/ Sales | ROE | Market Cap | Analyst Concensus |
| Courier Corp | CRRC | 5.3% | 14.3% | 6.1% | 0.70 | (0.62) | 164 M | BUY |
| New York Community Bank | NYB | 1.1% | 9.8% | 6.6% | 6.00 | 8.59 | 6.5 B | BUY |
| Buckeye GP Holdings | BGH | 0.1% | 8.7% | 5.6% | 0.50 | 16.74 | 834 M | BUY |
| HRPT Properties Trust | HRP | -0.8% | 7.7% | 7.4% | 1.70 | 2.42 | 1.45 B | BUY |
| Cedar Fair | FUN | -1.0% | 7.5% | 8.4% | 0.70 | 2.40 | 654 M | BUY |
| Frontier Communications Corp | FLP | -1.0% | 7.4% | 13.5% | 1.10 | 26.19 | 2.3 B | BUY |
| Dynex Capital | DX | -1.1% | 7.4% | 10.2% | 3.30 | 10.88 | 122 M | BUY |














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