Previous Year Performance Review
In our ongoing review of the NLO Dividend Watch List, we have taken the top five stocks on our list from May 25, 2018 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 |
ABM | ABM Industries | 29.23 | 37.10 | 26.9% |
SAFM | Sanderson Farms, Inc. | 100.96 | 149.00 | 47.6% |
CASY | Caseys General Stores | 96.25 | 133.28 | 38.5% |
MDP | Meredith Corp. | 48.20 | 54.71 | 13.5% |
ES | Eversource Energy | 56.26 | 74.88 | 33.1% |
Average | 31.9% | |||
DJI | Dow Jones Industrial | 24,753.09 | 25,585.69 | 3.4% |
SPX | S&P 500 | 2,721.33 | 2,826.06 | 3.8% |
Top five companies did exceptionally well with an average gain of 31.9% compared to the index which gained 3.4%. Best performer of the five was Sanderson Farms (SAFM) which piqued our interest a year ago. It's interesting to note that a stock could gained 48% while earning collapsed. At the time of trading, Sanderson earned $13.47 per share and analysts expected the company to earn $9.18 a year later.
Another company we told our readers to explore is ABM Industries (ABM) which gained 27% in one year. Our team did research the stock and took position in October.
U.S. Dividend Watch List: May 24, 2019
What a week that was. The market opened the week strong but fell off the cliff because of the trade tension. Could this pull back turn into an opportunity or is this a beginning of protracted decline? Only time will tell and we will utilize Dow Theory to help guide us. Below is the watch list we'll use to search for opportunities. Continue reading